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Aswath Damodaran on the Future of Business Education

Masters in Business

CHAPTER

The G and ESG: Governance

How can anybody in good faith own these companies if one of your deciding factors is we want to see good governance at the companies we own? I'm going to say something about the G and ESG, right? The governance in ESG is not the corporate governance that we've talked about in finance for 50 years. That's a corporate governance that I was brought up and all the research in it. It's stakeholder governance. You're accountable to everybody. And you claim the other groups are the reason you're underperformed.

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