World Future Council: Parliamentary hearings for new corporate charter legislation

Media release

Hamburg, 31.03.09. The World Future Council promotes a radical shift in national and international economics far beyond the proposals to be expected from the G20 meetings currently being held in London. As part of this effort, the WFC will prepare parliamentary hearings for new corporate charter legislation in co-operation with key business, labour and civil society organisations. The new
legislation would force corporations to take responsibility for the environmental and social damage they cause. In addition, it will increase accountability of the board and limit the compensation range between the highest and lowest paid employees to a ratio of 25:1. “No company’s success depends on the CEO alone”, said WFC founder Jakob von Uexküll at the close of a meeting of the organisation’s Councillors and high level international economics experts on March 27th – 31st in Egypt.

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