Diminishing trust in capitalist corporations4 min read . Updated: 30 Apr 2018, 12:12 PM IST
Independent directors will remain caught between a rock and a hard place if the principal purpose of corporations remains the production of shareholder value
Mark Zuckerberg, chief executive officer (CEO) of Facebook, the iconic builder of a mammoth social media platform, and one of the youngest multi-billionaires in the world, contritely said to the US Congress recently: “We didn’t take a broad enough view of our responsibility, and that was a big mistake." He went on to say, “In the past, many of my colleagues have been willing to defer to tech companies’ efforts to regulate themselves, this may be changing".
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