Video Friday: Lucy Marcus Interviews Steve Waygood

Steve Waygood, of Aviva Investors, which owns 2% of UK equities, explains why fund managers still prefer to walk away, rather than trying to change a company culture. Wagood defines sustainability to include how mega-trends influence the firm. Retail investors doesn’t really understand what is being done on their behalf. Exit is used far far more than voice.

http://youtu.be/fZOzk7LgRKY

View in conjunction with my series on Agency Capitalism: Part 1, Part 2 and Part 3, as well as Robert A.G. Monks’ new book, Citizens Disunited. View more from In the Boardroom with Lucy Marcus.

 

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