FT News Briefing Commenting on Israel-Hamas is tricky for businesses
4 snips
Oct 24, 2023 The EU’s top diplomat is advocating for a humanitarian pause in the Israel-Hamas conflict to facilitate aid in Gaza. Meanwhile, Argentina's recent elections have sent its bonds tumbling, highlighting the nation’s deep economic woes. Businesses are finding it increasingly challenging to navigate public sentiment regarding the war, prompting experts to stress the need for clear corporate guidelines in responding to sensitive issues. The complexities of political discourse and corporate responsibility are put under the microscope.
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Market Jitters
- Argentina's bond market reacted negatively to Sergio Massa's strong showing in the presidential election.
- Investors fear Massa's policies will worsen the country's economic situation.
Corporate Tightrope
- Companies struggle to comment on the Israel-Hamas war without facing backlash.
- Staying neutral or silent can also draw criticism, creating a difficult situation for businesses.
Response Strategy
- Companies should develop a plan for responding to sensitive issues.
- This plan should involve leadership, board members, and clear criteria for when to speak out.