Fortress
Assessment date: Jul 2017
Where structural vulnerabilities exist, there is an additional obligation on leadership to practice strong governance and exhibit marketplace independence and exclusive alignment with the company’s shareholder interests. Considering the connections between Fortress and Resilient (cross-holdings and common directorships), Fortress has a particular need to protect against conflict of interest on the one hand, and collusive practices on the other.
The fact that Fortress’ report appears similar in structure and, in the crucial areas of governance, almost identical to Resilient’s report, as well as the boilerplate response to material issues, suggests that Fortress pays no more than lip-service to this responsibility. Even discounting these concerns, Fortress’ reporting on GESLCE issues is no more than perfunctory (FarSight regards the essay on Siyakha Education Trust as a red herring and hardly material to Fortress’ societal obligations).
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