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Date: 2017-12-16 Page is: DBtxt001.php L0700-PE-DIRECTOR

THE PEOPLE PERSPECTIVE
DIRECTOR
MAKING DIRECTORS ACCOUNTABLE FOR THEIR CORPORATE DECISIONS
Human Capital / Babies / Families / Sports Team

THE ROLE OF A CORPORATE DIRECTOR GO TOP
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THE ROLE OF A CORPORATE DIRECTOR
The Board of Directors are responsible for 'managing. the corporate business. The widely accepted (legal) view has been for years that they must manage the business for the benefit of the stockholders, not for their own private interests nor in the interest of the wider public and external stakeholders.
This view is being challenged in a variety of ways because the modern corporation has the potential to do immense good or immense harm to society and the environment while being profitable for stockholders.
The narrow legal view has been a great convenience to stockholders for many years, but the costs to society directly and indirectly to the environment have been negative.
One of the many steps needed in order for Directors to be held accountable for the performance of the company in all its dimensions (people, profit, planet) is for the individual directors to be on the record with regard to what they consider the role of the director to be.




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