Fairness in Business and Investment

Paul Lee is Chair of the UK Endorsement Board, charged with leading the UK’s efforts to influence the development of accounting standards. A 25-year ESG and stewardship practitioner in the investment world, he was most recently Head of Stewardship and Sustainable Investment Strategy at Redington, an investment consultancy. Paul helped create and build the Hermes Equity Ownership Service, a premier stewardship business, and was also the first global head of governance and stewardship at Aberdeen Asset Management. A former journalist (on business journals at Euromoney and the Economist Group), Paul has continued to write throughout his City career. He writes the Sense of Fairness blog.

• Section 1 Understanding Fairness Section 1.1 Lead: What fairness means 1. Procedural Fairness 2. Outcome Fairness Section 2 Fairness in Business Section 2.2 Lead: What business is for and why fairness matters 3. Fairness for the workforce 4. Fairness for Suppliers 5. Fairness for Customers 6. Fairness in Community Relationships 7. Fairness to the Environment 8. Fairness in Governance and Business Conduct 9. Fair Dealing with Shareholders and Stakeholders Section 3 Fairness in Investment Section 3.3 Lead: Investor Fairness and Frictions 10. Investor Fairness for Customers 11. ‘Fair’ Values and Short-Termism 12. Investor Fairness to Investments 13. Fairness and Systemic Risks for Investors 14. Investing in Fairness Section 4 Conclusion 15. Summary Conclusion