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.

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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