BREAKTHROUGHS

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It’s been over five years since #MeToo began to draw global attention to the sexual abuse and harassment women have been subjected to in the workplace. But just what impact has this protest movement had on US companies and their boards of directors? HEC Paris Assistant Professor Crystal Shi examined the behavior of over 2,000 American firms to gauge the evolution in policy and attitude of investors and board members in their respective companies. Shi and two fellow academics at New York’s Stern School of Business identified 37 MeToo events in the year after the Harvey Weinstein scandal. They then looked for any abnormal market return based on the boardrooms’ gender structure and culture. Finally, the researchers studied the costs of the companies’ gender-inclusive or -exclusive cultures.

Read the summary on Knowledge@HEC.

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Et si, en enseignant l’empathie et la coopération à de jeunes garçons, l’école pouvait transformer des vies ? Dans une recherche cosignée par Yann Algan, professeur d'économie et doyen associé de l'ensemble des programmes pré-expérience à HEC Paris, les résultats sont sans appel. Ce spécialiste du bien-être au sein des organisations nous livre le bilan d’une recherche unique qu’il a menée pendant 33 ans auprès d’enfants à risque de décrochage venant de quartiers pauvres de Montréal.

Retrouvez le résumé de l'étude, en anglais sur Knowledge@HEC.

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Gilles Vermot Desroches est ingénieur de formation. Mais c’est au cœur de la stratégie et de l’innovation de Schneider Electric qu’il a piloté les actions de développement durable de Schneider pendant les 25 dernières années. Il répond à nos questions sur sa compréhension des critères de notation de l’ESG et partage ses observations de l’évolution des tendances de la question de l’impact, de la responsabilité de l’Europe dans ses efforts stratégiques et des manières de mesurer l’ESG. Mais, tout d’abord, le Directeur de la Citoyenneté et des Relations institutionnelles à Schneider retrace les étapes clés de la stratégie ESG de la société depuis 1998.

Ce podcast coïncide avec la signature d’une Convention de Mécénat entre Schneider Electric, HEC Paris et la Fondation HEC. Ce partenariat a pour ambition d’accroître la compréhension et les avancées des entreprises face aux défis environnementaux et sociaux face à la nécessité d'une transition équitable vers une économie décarbonée et inclusive.

Retrouvez l'article résumé en anglais sur Knowledge@HEC.

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Why is the SOCIAL element of Environmental, Social and Governance performance (ESG) neglected or ignored? Three HEC academics have joined forces with an S&P Global researcher on ESG to better understand this negligence. They have published a landmark report on how ESG frameworks cover this issue – or don’t. “What Gets Measured” also suggests ways to ensure that what gets measured, in the authors’ own words, “matters for businesses, the people and the communities they impact”. For, ignoring social concerns like workers’ rights in the supply chain can have serious consequences, as France's gilet jaunes (Yellow Vests) movement illustrated. 

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Top personalities from the political and academic worlds, including Pascal Lamy, Peter Altmaier, John Denton and Merit Janow, were amongst the 17 speakers at a September 29 conference at HEC Paris on constitutionalism. Over three intense sessions, the policy-makers and professors of law explored reforms in governance of public goods.

The HEC Paris conference went beyond constitutionalism to explore the failures of transnational governance, policy responses and current free market dynamics in the past decade. It set out to propose reforms in multilevel governance of public goods at worldwide, European and national levels. In this way, the organizers, HEC professor of EU Law and Economics Armin Steinbach and Emeritus professor at EUI Florence, Ulrich Petersmann, hope to develop academically innovative research and concrete policy proposals for policymakers. This, they believe, will encourage policymakers to implement new approaches to address the growing number of these governance and constitutional failures the world is currently experiencing. The results of the three sessions at HEC are to be published in the form of a book in 2023.

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The COP27 summit begins on November 6 in Sharm al Sheikh, Egypt, exactly a year after COP26 in Glasgow. A year is a long time and challenges have piled up: a world divided by war in Europe, where the world sees an acceleration of climate changes and global warming has beaten all modern records. In this light, Knowledge@HEC discusses the 12-day summit’s agenda and objectives with two guests: Igor Shishlov, Academic Co-Director for HEC’s Climate & Business Certificate; and Shiraz Moret-Bailly, co-president of Esp’R, an HEC student association devoted to sustainability and social economy.

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Bertrand Quélin is professor of Strategy and the holder of the Bouygues-HEC Paris Chair in ‘Smart City and the Common Good’. He has been spearheading research on ways public bodies and private companies partner up to create both social and economic value. We discuss how the partnerships rely on a form of hybridization relying on three mechanisms: contractual, institutional and the ability to regularly partner up with public authorities.

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As Europe faces postwar records in forced migration from the east and south, ad hoc citizen groups have been sprouting up to ease the hardships of their new homelands. To illustrate this, HEC Assistant Professor David Crvelin publishes a detailed study on the rapid and effective response of German citizens to the unprecedented wave of migrants in 2015. A lesson of integration for all Europe?

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In the United Kingdom, more than 700 Post Office workers were wrongfully convicted of theft, fraud and false accounting between 2000 and 2014. That was the result of a fault in Horizon, a Fujitsu computer system used by the UK Post Office. How can AI solutions be developed to detect and prevent such intelligent anomalies? To answer these questions and more we have turned to HEC Professor of Accounting and Management Control, Aluna Wang. She is also chairholder at Hi!PARIS Center on Data Analytics and Artificial Intelligence.

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