One of the things usually approved at the constituent board meeting after every company AGM are the board of directors' ‘Rules of Procedure’. What looks, and is often perceived, as a formality though, at close looks carries not just formal weight, but indeed formulates – directly or between the lines – the duties of the board.
What do these rules typically enshrine - and what not?
We need new business models that are not predicated on selling more stuff to more people.
And because in the 'Here and Now', there is truly not much more to say, I could finish with the above quote.
Except that: Those ‘new business models’ are not reality. Far from it.
About the Role of the Board in the 'Why'.
The Gross Domestic Product (short: GDP) is the for most of the planet THE economic measure of all things. At least if governments as well as the economic newscasts are to be believed. With ‘The Delusive Quest for Growth’ David Pilling has written a biography-cum-history of the GDP: from humble beginnings as an effort to draw up national accounts through the present day incarnation and significance.
"People respond to incentives". Book review of an excellent introduction to the mechanisms and macro-economics behind development and global aid giving.