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More than ever before, corporate governance matters

19 1 0
24.05.2020

By Peter Roff

The COVID-19 crisis has likely changed American business forever, as politicians use the deadly pandemic to push for changes that will have a major impact on how corporations operate.

How business respond will determine the future of American commerce for years. Important business leaders like Black Rock's Larry Fink are pushing companies to expand their mission beyond maximizing value for shareholders into things that are on progressives' political wish list.

What Fink and others are advocating for drifts harmfully towards what progressives promote as they seek to control the business sector and move to a centrally planned economy.

If the American economy is to survive, let alone thrive, we need corporate leaders to step up in defense of the free market. They need to eschew the insider deals and crony capitalism that have caused many Americans, especially the young, to lose faith in what, as Churchill might have quipped, is the worst of all possible economic systems except for all the others.

There are heroes out there........

© The Korea Times