The ASX abandons push to require companies to have a social licence to operate. Was it only ever 'politically correct nonsense'?
- Written by Thomas Maak, Director, Centre for Workplace Leadership, University of Melbourne
The concept of a social licence is real, but proved too much for the Australian Securities Exchange.ShutterstockAfter months of debate, the Australian Securities Exchange last week dumped a proposal to include reference to a “social licence to operate” in its updated Corporate Governance Guidelines.
It was wrong to do so.
The new...
