看重被动投资者参与公司治理

Valuing Passive Investor’s Participation in Corporate Governance

本文研究被称为“气候政变”的埃克森美孚ESG董事争夺战一案,该案在美国的公司界、新闻界、法学学术界都引起了广泛讨论。本文通过深入分析该起事件发生的源起、经过和积极结果,旨在指出该案的发生并非偶然。今天在全球市场上兴盛的ESG运动,不可忽视其背后指数基金投资者的参与。文章认为中国市场的被动投资者发展应引起足够重视,推出有利其发展的政策,减轻其发展的压力,可帮助我国的ESG运动取得实效,惠及公司治理和整个社会。

This paper studies the ExxonMobil ESG director battle case, which is called “climate coup”, which has aroused wide discussion in the corporates, the journalism and the legal academia in the United States. By analyzing the origin, process and positive result of the case, this paper aims to point out that the occurrence of the case is not accidental. The ESG movement, which is flourishing in the global market today, cannot be ignored with the participation of index fund investors behind it. This paper believes that the development of passive investors in China’s market should be paid enough attention, and introducing favorable policies to reduce the pressure of their development can help China’s ESG movement to achieve practical results and benefit corporate governance and the whole society.