Renewed Focus on Governance Proves ESG Is More Than Just Sustainability
brandonlin
·
1 minute read
Sustainability initiatives may be all the rage, but an increasing number of scandals among high-profile startups and highly-valued corporate behemoths is underscoring the role governance plays in corporate health and due diligence.
As WeWork prepares to go public next month via a SPAC with BowX Acquisition Corporation, “it’s important to note that the first IPO failed miserably,” writes Trepp’s Jyoti Yadav in a new analysis, including “skewed voting power and strong centralized control” that gave founder Adam Neumann shares each worth 20 votes.
