TOMOHIRO OHSUMI/BLOOMBERG VIA GETTY IMAGES
Voices
for food, water, minerals and energy which, together with the
environmental consequences of
escalating global consumption, is
unsustainable. In order to understand the implications of our current patterns of consumption, we
need urgently to reassess the relationship between shareholder and
societal value and shift the focus
significantly to the long term.
Dominic Barton, the managing
director of McKinsey & Company,
and Mark Wiseman, president
and CEO of Canada Pension Plan
Investment Board, have both argued that firms are under increasing pressure to be short-term at
the cost of longer-term strategic
decision-making. Performance
metrics based on share prices are
used at the expense of long-term
value creation. At the same time
rewards are skewed to investors
who want to make a quick return )