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“It goes right back to the South Sea Bubble, where early investors were very unprotected. Then there was a lot of legislation put in place to protect shareholders and to make sure their interests were always looked after. As a result you ended up with corporations where the corporate structure is really only there to protect the shareholder and doesn’t take anything else into account…It is interesting because, as a relatively strong chief executive, when I present my ideas to shareholders I always talk about the mission of the company and what we are here to do, but that isn’t enshrined in the legislation of my company. It is not naturally enshrined in any business that they are there to have a purpose, and I think it is a really interesting concept for us whether businesses should be responsible – for example in their impact on the environment.” Read more...
The best books on Renewable Energy
Juliet Davenport, Environmentalist
