How ousted boss Emmanuel Faber future-proofed Danone’s mission

“When you change captain, you don’t change the boat.” The sacking of Danone’s boss Emmanuel Faber, a strong advocate of responsible capitalism, following shareholders’ pressure, can be seen as a vote of no-confidence in his commitment to do business for good. But the company’s legal status will make it difficult for new executives to change course on sustainability, making the case for institutionalising purpose as a safeguard against ill-intended investors.

THIS IS SUBSCRIBER ONLY CONTENT 

 

To access this article, plus hundreds more 'hidden gems' in our Impact Library, you'll need to log in to your Pioneers Post account. Click here to log in.

 

 

Don't have a subscription? Click through below to view our fantastic subscription offers.

 

 

Already a subscriber but forgotten your password? Click here to request a new password.