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What Pirate Ships Reveal About Modern Governance

April 16th, 2026
Georg Wernicke

Accountability, shared power, aligned incentives under radical uncertainty. What pirate crews understood about governance, today's boards are still learning.

Why Business Leaders Can’t Afford to Ignore the “S” in ESG

In this interview on their report, HEC Paris and S&P Global reveal why ignoring social metrics weakens ESG strategies — and what leaders must do to strengthen trust and accountability.

Marieke Huysentruyt, Bénédicte Faivre-Tavignot

Assertive Disclosure Builds Trust in Competitive Settings

How much information should a company share with decision makers? A question HEC research associate professor Marie Laclau explores.

Marie Laclau, Tristan Tomala, Frédéric Koessler

Employees Value ESG — But Only When It Affects Them

Professor François Derrien and PhD candidate Maxime Bonelli research shows that employee shareholders penalize companies over social abuses, but remain indifferent to broader environmental or governance failures.

Maxime Bonelli, François Derrien

Algorithmic Trading Is Reshaping Financial Markets

Professor Thierry Foucault’s research reveals how automation, data monetization, and high-frequency trading are transforming finance, and challenging regulators.

Thierry Foucault

Human Rights Sanctions Often Fail to Improve Human Rights

New research by HEC Paris Professor Armin Steinbach uncovers that many US and EU sanctions lack legal proportionality, casting doubt on their legitimacy and impact.

Armin Steinbach

How AI Skews VC Funding Away From Breakthroughs

HEC Paris PhD Maxime Bonelli’s study shows that while AI boosts VC efficiency, it reduces funding for novel, high-impact innovations.

Maxime Bonelli

Why People Trust AI More Than Humans — Even When It’s Flawed

New research by Cathy Yang, Xitong Li and Sangseok You reveals a paradox: people trust AI advice more than human guidance, even when they know it’s flawed.

Liu Cathy Yang, Xitong Li, Sangseok You

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