The article argues that corporate boards are failing to speak out against harmful policies, particularly related to immigration and deregulation under the Trump administration.
The article highlights the need for corporate executives to take a stand against the harmful practices of the Trump administration, specifically regarding the actions of the Immigration and Customs Enforcement (ICE) in Minneapolis. The author emphasizes that the short-term financial gains from tax cuts and deregulation will not outweigh the long-term damage caused by clientelistic capitalism, nativism, and tariff wars. This reflects a broader concern that corporate leadership is not adequately addressing ethical crises exacerbated by political decisions.
Furthermore, the response from business leaders was largely positive, indicating a shared concern regarding their responsibility in these issues. Some executives recognized that corporate boards must also bear some of the blame for remaining silent during these critical times. One CEO pointed out a significant increase in the trend of boards being less active and engaged, particularly since Trump’s second term began, which underscores a concerning shift in corporate governance and accountability.
Ultimately, the piece calls for greater courage and commitment from business leaders to challenge unethical policies and protect the values of democracy and equity. It stresses that inaction not only harms society at large but can also lead to reputational risk and long-term business repercussions, pushing for the necessity of active leadership in corporate entities.
