Olly Mann and The Week dive into headlines and debate what really matters.
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In this week’s episode, we will discuss:
Larry Fink, the chairman and chief executive officer of BlackRock – and arguably the most powerful man in finance – has said that he wants his company to put power back in the hands of the people. The background is BlackRock, the largest asset manager in the world, which runs a lot of passive funds, the kind that most people with a pension will invest in, whether they know it or not. Critics of passive funds say they discourage good management: shareholder democracy means about “one share, one vote” – you own a bit of the company, so you should have a good reputation. talk about how it’s run – but asset managers like this effectively own all the votes. So what is Fink’s solution?
Tensions in Bosnia
The United Nations has issued a warning about an increase in hate speech in Bosnia ahead of national elections later this year. The intervention followed threats by Bosnian Serb leader Milorad Dodik to pull the country’s Serb enclave – Republica Srpska – away from important institutions, a move described as “equivalent to secession” “. So is trouble once again in Europe’s backyard – and is the West ready for an outbreak of violence?
Anglican churches outside England will have more say in choosing the next Archbishop of Canterbury, according to plans being discussed by the church. This reflects a shift in the global composition of the congregation – Anglican church attendance is plummeting in the UK, but very healthy abroad – and is also an attempt to address the past. church colony. But reforms aimed at increasing racial diversity could prevent the representation of other groups, including women and LGBTQ+ people, in the church hierarchy.
https://www.theweek.co.uk/the-week-unwrapped/955497/the-week-unwrapped-shareholder-power-serbian-threats-and-anglican-angst The week isn’t over: Shareholder power, Serb threats and Anglican anger