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February 2018

Is purpose for real?

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Written by Michael Hilton and Charles Wookey

When BlackRock, the largest investor in the world, starts talking about purpose there can be little doubt that it is in vogue.  In his 2018 letter to CEOs Larry Fink states that “to prosper over time every company must not only deliver financial performance but also show how it makes a positive contribution to society.”  The new UK Corporate Governance Code – currently out for consultation – strikes a very similar tone.

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