Europe

Stakeholder Capitalism

Question A:

Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.

Question B:

Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers and community members – with small impacts on shareholder value.

Question C:

Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce.

 
US

Inequality, Populism, and Redistribution

Question A:

Rising inequality is straining the health of liberal democracy.

Question B:

Enacting more redistributive expenditures and policies would be likely to limit the rise of populism.

Question C:

Governments should allocate more resources to policies that would be likely to limit the rise of populism, even if it means higher public debt or lower public spending in other areas.

 
Europe

Inequality, Populism, and Redistribution

This week’s IGM European Economic Experts Panel statements:

A) Rising inequality is straining the health of liberal democracy.

B) Enacting more redistributive expenditures and policies would be likely to limit the rise of populism in Europe.

C) European governments should allocate more resources to policies that would be likely to limit the rise of populism in Europe, even if it means higher public debt or lower public spending in other areas.

  
US

Stakeholder Capitalism

This week’s IGM Economic Experts Panel statements:

A) Having companies run to maximize shareholder value creates significant negative externalities for workers and communities.

B) Appropriately managed corporations could create significantly greater value than they currently do for a range of stakeholders – including workers, suppliers, customers and community members – with negligible impacts on shareholder value.

C) Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce. 
Europe

ECB Appointments

This week’s IGM European Economic Experts Panel statements:

Selecting candidates for membership of the ECB Executive Board based primarily on nationality ahead of competence is likely to have a negative effect on the quality of monetary policy in the Eurozone.

Although the central bank can never be an entirely technocratic institution, the selection process for the ECB President and members of the Executive Board is significantly worsened by intergovernmental trade-offs involving appointments to other European institutions.