Social justice movements reach the boardroom in 2020
Writing for the Financial Services Faculty, Carlos Tornero assesses whether the social justice movements of 2020 have changed decision-making in corporate boardrooms.
By an odd quirk of fate, Minneapolis was the place where both George Floyd and James Peck died. On the one hand, the African American killed during a police arrest in May of this year gave rise to worldwide protests demanding equality and social reform pledges from not just politicians, but business and financial leaders too.
On the other hand, Civil Rights Movement campaigner ‘Jim’ Peck was a pioneer in that struggle as an early shareholder activist in the segregated Corporate America of the mid-20th century. Peck was part of the “Proxies Campaign” started in 1948 pushing business to eradicate Jim Crow laws.