Corporate war rooms are having a moment right now. In a lot of ways, that’s no surprise: The challenges of managing a business through something like the novel coronavirus pandemic screams for a centralized command-and-control structure.
It’s all the rage nowadays for corporations to tout a purpose that goes beyond making money, but few have crafted anything as lofty and attention-grabbing as Orbia Advance Corp.
Tackling the challenges of the business and investment world’s complex relationship with water isn’t easy, but it’s getting more popular. Over the past two decades, a number of advisors, experts, and would-be influencers has crowded into the space to aid and pressure corporate leaders on water management. Here are some of the key groups and players.
One of the most-influential players at water’s intersection with business and investment is neither a business nor an investor, it’s an NGO.
Constellation Brands is a New York-based brewing company that produces beverages around the world. In 2016, it announced plans to build a state-of-the-art brewery in Mexicali, Mexico, to export its Mexican beer brands, including Corona and Modelo, to the US. Community leaders gushed about the 700-plus permanent jobs it would create, hailing the $1.5 billion project—expected to send 58 million cases of beer to the US in its first year—as evidence of the local economy’s vibrancy.
Wells Fargo’s brass knew things might get ugly at the company’s 2017 annual shareholders meeting.
Stephen Bainbridge has an idea for addressing the shortcomings of how corporations are governed today: replace the board of directors with a company.
Modern boards are under a lot of pressure. They must represent shareholders, work with management, and perform all sorts of compliance duties. All of their various stakeholders have demands and desires, and their goals often conflict, making the job in some ways a no-win. Here are some of the key areas and players that put pressure on boards.
The Camp Fire near Paradise, California, last fall was so devastating—86 dead, 14,000 homes destroyed—it seems trivial to talk about how it affected the board of directors at Pacific Gas & Electric, but the board’s story is also telling.
