Insight - Business is not one-dimensional

David Berry, deputy president of the Malaysian Institute of Corporate Governance: Today, we face a blank sheet of paper when it comes to envisaging business in a post-Covid world. For those responsible for governance, reinventing the business is a challenge

FIFTY years ago this month, an article by Milton Friedman was published in the New York Times.

One of the most influential economic thinkers of the 20th century railed against the idea of business having any “social responsibility”.

He invoked the ever-present US political bogeyman, accusing those favouring the idea of “preaching pure and unadulterated socialism” and “undermining the basis of a free market society”.