When companies bankroll politicians secretly, the ensuing backroom deals distort our economy as well as companies. Will BlackRock speak up about that?
BlackRock, the planet’s largest investor, has sounded a bold and clarion call for companies to contribute to society. But for its vision to benefit shareholders and communities everywhere, BlackRock must add one essential step.
“To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society,” BlackRock’s chairman and CEO, Laurence D Fink, recently wrote to business leaders. What Mr Fink leaves out is that a business can’t begin to evaluate its social impact if it doesn’t carefully address its spending to influence political elections and the consequences.
Continue reading...from US news | The Guardian http://ift.tt/2BRfu0a
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