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Laxman Pai, Opalesque Asia: 60% of institutional investors support investment that improves long-term business prospects, even if it diminishes short-term corporate performance, said a survey.
More than two-thirds (67%) of the world's largest company CEOs say that they are likely to take public stands on politically charged issues related to global challenges, according to the EY CEO Imperative Study 2019.
The survey of 200 CEOs, 100 senior institutional investors and 100 independent board members also finds that 76% of board directors and 79% of investors say they are likely to support a CEO taking a stand.
According to 57% of CEOs, 63% of board directors and 54% of investors believe it is in the best interest of large companies for CEOs to take a more active role on global challenges.
The majority of CEOs (57%) see more opportunity than risk in taking action on global challenges and close to half of board directors (49%) and investors (42%) support this view.
A company's stance and actions on global challenges is an increasingly important investment criteria, with more than half (55%) stating that CEO activism on global challenges have been frequently/very frequently and 35% of investors stating that CEO activism on global challenges have been occasionally taken into consideration for funding decisions in the last two years.
Crucially, 83% of investors say that corporate stance/actions on global challenges will become a more important fa...................... To view our full article Click here
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