LETTER: Timeous reminder
Corporate governance is important for all aspects of company performance, not just environmental and social impacts
Laura du Preez and Charlene Steenkamp’s article offered a helpful introduction to some ways in which investors can link their money to their values (Invest Your Money in What Matters Most to You (https://www.businesslive.co.za/bd/life/2019-08-20-invest-your-money-in-what-matters-most-to-you/), August 20). But the authors wait to the very end of their article to make what is their most incisive point — the importance and distinctiveness of governance.
Investment professionals have done both themselves and their clients a disservice by their popularisation of the ESG acronym. By lumping company governance together with environmental and social performance, they have kept it out of the mainstream populated by those with an eye for nothing other than the financial bottom line. Governance matters for all aspects of company performance, not just those having to do with environmental and social impacts. ..
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