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Abstract
For teaching purposes, this is the commentary-only version of the HBR case study. As the founder of a new 'ethical' bank focused on environmental sustainability, Jay McGuane realizes that he has to come up with clear rules about how the board should make decisions on 'values' grounds - and quickly. Already, the bank is facing loan approvals involving two hot-button issues. Without clear guidelines, the bank's directors may fall into bitter squabbling, which could lead to resignations, negative media attention, and a flight of investors. Expert commentary comes from Ken LaRoe, chairman and CEO of First Green Bank, and John Replogle, president and CEO of Seventh Generation.
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Abstract
For teaching purposes, this is the commentary-only version of the HBR case study. As the founder of a new 'ethical' bank focused on environmental sustainability, Jay McGuane realizes that he has to come up with clear rules about how the board should make decisions on 'values' grounds - and quickly. Already, the bank is facing loan approvals involving two hot-button issues. Without clear guidelines, the bank's directors may fall into bitter squabbling, which could lead to resignations, negative media attention, and a flight of investors. Expert commentary comes from Ken LaRoe, chairman and CEO of First Green Bank, and John Replogle, president and CEO of Seventh Generation.