Corporate Contributions to Society And What is Our Role?
Yes, large corporations should be held accountable to their contributions to society. But I don’t believe Government should get involved because of the huge conflict in interest. Many men and women in government are invested in many of the companies in questions. But then again, so is Laurence D. Fink, founder and chief executive of the investment firm BlackRock.
The difference is, Mr. Fink Fink has the clout to demand the companies his firm invest in to start contributing to society or be prepared to lose his support. His firm manages more than $6 trillion in investments through 401(k) plans, exchange-traded funds and mutual funds, making it the largest investor in the world, and he has an outsize influence on whether directors are voted on and off boards.
So what about you? Are you holding yourself accountable to society and your community? Yes, you too can contribute your time, talents and treasures. What are you doing?
BlackRock’s Message: Contribute to Society, or Risk Losing Our Support
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