Move beyond Milton Friedman’s "shareholder-only" theory. Learn to manage the modern social contract between business and society.
In 1970, Milton Friedman argued that a company’s only responsibility was to its shareholders. Today, that theory is outdated.
"Sustainable development meets the needs of the present without compromising the ability of future generations to meet their own needs."
Our course explores the Agency Theory shift: how directors must act as agents not just for shareholders, but for the wider stakeholders to avoid risk and create long-term value.
Mastering global reporting standards and local regulatory requirements.
Understanding Corporate Governance, Jensen and Meckling's self-interest models, and the transition to Stakeholder Agency theory.
Comparative analysis of GRI, SASB, and CDP. Understanding the nuances between sectoral and general reporting frameworks.
Deep dive into the 2024 Climate Disclosure guidance, materiality boundaries, and hazardous waste reporting requirements.
| Platform | Focus Area |
|---|---|
| CDP | Strictly environmental disclosures. |
| EcoVadis | Labor, Human Rights, Ethics, and Sustainable Procurement. |
| GRI vs SASB | The difference between general stakeholder reporting and financial materiality. |
Professional training for legal practitioners, corporate directors, and sustainability officers.
© 2024 ESG Professional Training. Compliance updates based on April 2024 HKEX Guidance.