WORLD FUTURE FUND
BOARD OF DIRECTORS' REFORM
ELIZABETH WARREN'S ACCOUNTABLE CAPITALISM ACT
Elizabeth Warren's Accountable Capitalism Act, released August 15th, 2018, would mandate 40 percent of corporate board members be elected by workers.
Warren’s plan starts with the premise that corporations that claim the legal rights of personhood should be legally required to accept the moral obligations of personhood. (Vox)
Warren wrote in a companion op-ed for the Wall Street Journal, “corporations sought to succeed in the marketplace, but they also recognized their obligations to employees, customers and the community.” In recent decades they stopped, in favor of a singular devotion to enriching shareholders. And that’s what Warren wants to change. (Vox)
Warren wants to eliminate the huge financial incentives that entice CEOs to flush cash out to shareholders rather than reinvest in businesses. She wants to curb corporations’ political activities. And for the biggest corporations, she’s proposing a dramatic step that would ensure workers and not just shareholders get a voice on big strategic decisions. (Vox)
Elizabeth Warren has a plan to save capitalism (Vox, 8-15-18)