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Students at Ecole Polytechnique. Their alumni network is one of the most powerful and may lead some to the top of a large French company. J. Barande/École Polytechnique

France’s elite schools and their alumni networks: a flaw in the governance of French companies

When the directors of a company are graduates of the same school as the executive, their ability to hold the executive accountable for his or her decisions becomes compromised.
Apple is committed to serving “Americans”, even as Tim Cook’s company asserts that manufacturing the iPhone in the United States would not be a viable option. Frederic J. Brown/AFP

Debate: Can corporate purpose be global?

New initiatives have allowed firms to enshrine their purpose in corporate bylaws, but gaps exist between local and international issues that can complicate the definition of a multinational’s purpose.

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