Today’s corporate governance conversations and practices aim to ensure transparent, entrepreneurial, and wise business practices that work to facilitate the success of an organization. The belief that conscientious business practices lead to a more successful company, in the long run, has resulted in programs like Diversity, Equity, and Inclusion (DEI), Environmental, Social, and Governance (ESG), and Corporate Social Responsibility (CSR), but while these solutions are being used across the board, their effectiveness in achieving these stated goals varies and needs further examination.
Often the application of these practices can affect businesses differently depending on whether they are mandated, top-down, or accomplished through natural market processes. Faculty in our scholarly network have stepped in to bridge this gap and are rigorously evaluating the efficacy and unintended consequences of these top-down approaches. Scholars like Dr. Maria Minniti are actively applying classical liberal principles to develop and advance alternative corporate governance paradigms.
As the Bantle Chair in Entrepreneurship and Public Policy and current director of the Institute for an Entrepreneurial Society at Syracuse University, Dr. Minniti’s research interests range from barriers to entrepreneurship and economic growth to institutions and corporate governance. Having been a long-time member of the IHS scholarly community, Minniti participated in an IHS Academic Research Symposium entitled, “Contemporary Challenges to Corporate Governance,” where she discussed Ostromian models and shared her fresh take on corporate governance strategies with other scholars with similar research interests.
Minniti’s career has focused primarily on barriers to entrepreneurship and her research has been featured in the Wall Street Journal, Boston Globe, Financial Times, and Chicago Tribune, among others. Through her research, she has delved into the role of government policy in entrepreneurial activities and asks if it is productive, unproductive, or even destructive. Similarly, she’s taking a hard look at corporate governance issues like DEI, ESG, and CSR and trying to imagine a world where solutions don’t always have to come from the top down.
The Institute for Humane Studies believes that the best ideas are the ones that have undergone rigorous evaluation, challenge, and even debate. Our scholarly community is ready to respond to the challenges and inconsistencies within the sometimes conflicting policies of programs like ESG and DEI and offer alternate solutions.
Scholars like Dr. Maria Minniti are well-positioned to examine the tensions between affordability versus sustainability, governance needs versus social priorities, and even diversity in name versus true diversity. Approaches to corporate governance need to be examined from all ends and the conversation is only getting started.
Learn how you can help support the IHS community of scholars as they work to apply classical liberal approaches to real-world issues like corporate governance. For more information on our programs and academic funding opportunities, visit TheIHS.org.