Putting the governance in ESG? Danone splits Chairman and CEO roles Danone is a company well-known for its commitments to environmental and social sustainability. But the French dairy giant’s structure – combining the CEO and Chairman roles – has raised some concerns about the G in ESG. As the group comes under pressure from activist shareholders, will Emmanuel Faber’s decision to step back from the post of Chief Executive please critics?
Danone’s top executive Emmanuel Faber put a proposal to the company’s board of directors yesterday (1 March) to separate the functions of Chairman and CEO - which he is currently responsible for - ‘in the near future’.