Once again, we were able to strengthen our advisory council with academic knowledge with the affiliation of Karl Schmedders.
Karl Schmedders is Professor of Finance at IMD Lausanne, an independent academic institution with Swiss roots and global reach. He teaches executive management sessions in data science, the economics of climate change, and finance. In his executive trainings on sustainability-related topics, Karl engages executives in discussions on how to harness the power of economic incentives and markets to accelerate the ESG transformation of the global economy. He is passionate about the social dimension of climate change and the need for a “just transition’’.
Karl has published numerous research articles in international academic journals such as Econometrica, The Review of Economic Studies, The Journal of Finance, the Journal of Financial Economics, and The Review of Financial Studies, among others. In two of his recent papers, he examined the effects of economic rewards in the context of the classical principal–agent paradigm, which is the economic workhorse for the analysis of employment contracts.
Karl is the co-founder of an EdTech startup, Sylva AG, which provides educators and students with a modern interactive learning and assessment environment. Before joining IMD, he held (tenured) faculty positions at the Kellogg School of Management and at the University of Zurich. Karl holds a Master’s degree and a PhD in Operations Research from Stanford University.
Business leaders regularly complain to me that their “fiduciary duty” prohibits them from implementing more sustainable business strategies benefitting all stakeholders of their corporation. Reward Value provides thought leadership and practical advice to overcome this quandary. It is an honor for me to support this noteworthy agenda.