Why should we even care what large companies are doing? There are millions of companies out there. Should we try to concentrate on small companies? We should. We should definitely promote, create and finance entrepreneurship and concentrate on private markets.
If you look at the largest 1,000 companies in the world, they would represent much more than 50% of the GDP. That gives you the scale of the challenge in terms of shifting what we have now, which is an economy that optimizes for risk and return, to an impact economy that optimizes for risk, return and impact.
If we don’t shift many of those large companies, we will have a hard time shifting the whole system. You can make arguments like we won’t be able to achieve the Sustainable Development Goals.
Full article here: https://impactalpha.com/qa-with-harvards-george-serafeim-the-link-between-corporate-governance-and-environmental-and-social-impact/?utm_source=Pico&utm_campaign=0817c47854-EMAIL_CAMPAIGN_6_1_2018_12_25_COPY_01&utm_medium=email&utm_term=0_57980c6bda-0817c47854-105620797&mc_cid=0817c47854&mc_eid=935d373114