Ethical Boardroom: Integrated reporting: chance to make a difference
Humanity has evolved to the level where two dominant systems reign supreme: democracy and its sibling capitalism. The difference between the twin systems is that democracy implies that the average member of society rules mankind’s destiny and capitalism elevates the financially endowed above all others. Should we be concerned?
Comparing large companies rated by revenue and large countries rated by GDP, we note that the aggregate of the top 10 companies’ revenue is greater than all but the top four countries. Those top four countries, of course, include the top 10 companies’ revenue, enhancing the skewed power distribution towards companies. The handover of power was only temporarily from kings and emperors to presidents and prime ministers, as chairmen and managing directors have largely usurped that power.