Jerome Kohlberg Professor of Ethics & Finance, Director of the Center for Business & Human Rights
NYU Stern School of Business
In this article, Michael Posner, noting the Rana Plaza disaster seven years ago, writes about recent discussions in the European Parliament on the current state of Bangladesh’s massive ready-made garment (RMG) industry. He also stressed the need for a new oversight body, the Ready Made Garment Industry’s Sustainability Council (RSC), while also pointing out the progress made by The Bangladesh Accord on Fire and Building Safety.
In this article, Michael Posner builds upon ideas collected in the Edelman Trust Barometer, an annual public opinion poll that tracks citizens’ attitudes towards government, corporations, civil society, and the media in more than 20 countries. Notably, Posner discusses the intense difficulties faced by local journalists, largely financial, and the unfortunate rise of “news deserts”. Posner also discusses the pressing need for corporate leaders to take a more central role in addressing key societal issues, such as global warming and rising inequality, while also supporting local news.