Advertisement

Structural Change

  • Charles Seaford
Chapter
Part of the Wellbeing in Politics and Policy book series (WPP)

Abstract

The investment system as it is now in the UK drives business leaders to prioritise the interests of shareholders over those of others. However, it would be perfectly feasible to change institutional investors’ obligations so that they had to take into account the interests of the beneficiaries and small shareholders that they represent in the round, that is as citizens and employees as well as investors. This could be combined with equally feasible changes that reduce the priority given to short term returns; currently these exacerbate the conflict between shareholders and others. These changes in the investment system should be complemented by changes to corporate governance. International and domestic institutions also need to be strengthened and democratised. Democracy itself can also be strengthened, perhaps through processes such as deliberative democracy, or a strengthening and opening up of social movements.

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Charles Seaford
    • 1
  1. 1.LondonUK

Personalised recommendations