FORE School of Management launches its Global Leadership Lecture Series with a lecture by Professor Antoine Reberioux, Professor of Economics at the University of Paris


February 10, 2022 11:35 am STI

New Delhi [India]Feb. 10 (ANI/SRV): FORE School of Management’s Economics and Trade Policy Area organized a conference on Corporate Governance for Social and Ecological Transition as part of its series of conferences on the global leadership.
The lecture was delivered by Professor Antoine Reberioux, Professor of Economics at the University of Paris, France.
The global economy today faces several challenges that call for an immediate need for transition to a sustainable economy. This transition can be achieved through corporate governance and continued business efforts.
Professor Antoine Reberioux spoke about various parameters such as environmental challenges, inequalities and their consequences, corporate social responsibilities, the importance of co-determination and the increased need for diversity in leadership, necessary for a successful transition.
This was the first lecture under FORE School of Management’s Global Leadership Lecture Series initiative, aimed at the comprehensive development of management students.
The discussion began by addressing ecological/environmental challenges and how the global transition can be brought about by increasing carbon prices, so as to encourage investment in renewable energy and encouraging potential public investment in new technologies such as carbon capture and storage.
He stressed the importance of maintaining a viable and diverse ecosystem and a sustainable climate. The 2016 Paris Agreement limits global warming to 1.5 degrees. India is the third largest emitter of greenhouse gases with no stated deadline for carbon neutrality, but has made a firm commitment to reduce emissions intensity through GDP by one-third by 2030, compared to 2005 levels.
Highlighting the huge disparity in the global social structure, Professor Reberioux pointed out that over the past 3 decades, the total income of the single top decile has skyrocketed. The inequalities of 20 years ago are not the problem; the price of the absence of a sustainable economy is paid for the nature of progress.
These inequalities are not only related to technology, but are also related to labor law, tax systems, etc., which can prove dangerous for social cohesion and democracies and lead to the rise of populism. It is the responsibility of a country to build a more progressive tax structure, to improve labor laws, to discourage companies from making short-term profits when public policies fail because this leads to a maximum negative externalities and to ensure that companies internalize negative externalities.
The seminar also explored corporate responsibilities and how a company’s operating structure is a major determining factor in achieving a sustainable economy. It is imperative to formulate effective guidelines, the interests of which are served by the board of directors and members of senior management. Businesses can also consider long-term investments to address environmental challenges, reduce carbon footprint, and provide decent, high-quality jobs by investing in human resource management practices.
Another aspect of the discussion was co-determination, which includes employee representatives at board level. This arrangement ensures worker involvement in strategic decision-making and direct worker empowerment in corporate governance.
“It is crucial to understand why there is a lack of gender diversity on boards and how female representation can help with corporate governance. It will also help to understand if women have a management style particular and if they are more sensitive to negative externalities”, concluded Professor Antoine.
This very enriching conference was followed by a healthy interaction between Pr Antoine and the students of the Institute. FORE School Management Economic and Trade Policy Faculty Members Prof. Basant Potnuru, Prof. Roopesh Kaushik and Prof. Shalini Tanjea, and Dean (Academics) Prof. Sanghamitra Buddhapriya were also doing part of the panel.
This story is provided by SRV. ANI shall in no way be responsible for the content of this article. (ANI/SRV)


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