(Credit: Blue Planet Studio/Adobe Stock) Rise of ESG Spurring 'Overhaul of the Rules of Global Capitalism,' Report Asserts
"General counsel are always expected to be fleet of foot, but increasingly need the guile to manage a more diverse range of stakeholders, to balance these pressures with traditional business imperatives," Lex Mundi CEO Helena Samaha said.
April 19, 2022 at 07:08 AM
2 minute read
The growing emphasis on environmental, social and governance issues is giving rise to a "new capitalism," a dramatic shift that general counsel will play a key role in navigating, according to a new report by Houston-based Lex Mundi, a global network of independent law firms.
According to the report, which highlighted discussions at Lex Mundi's General Counsel Summit in Munich last October, investors are taking companies to task for failing to prioritize ESG, or for adopting plans that lack sufficient ambition or follow-through.
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