The Business Roundtable's Stakeholder Pledge, Five Years Later
Briefly

from Harvard Business Review1 month ago
Stakeholderism has gained wider acceptance, helping corporate leaders acknowledge the importance of considering stakeholder interests in strategic planning and decision-making.
Harvard Business Reviewhttps://hbr.org/2024/08/the-business-roundtables-stakeholder-pledge-five-years-later
For stakeholder capitalism to replace shareholder capitalism, a clearer definition, strong theoretical foundations, and practical implementation guidelines are essential.
Harvard Business Reviewhttps://hbr.org/2024/08/the-business-roundtables-stakeholder-pledge-five-years-later
The Business Roundtable's 2019 statement marked a pivotal shift, highlighting the ongoing tension between shareholder primacy and a broader commitment to stakeholder welfare.
Harvard Business Reviewhttps://hbr.org/2024/08/the-business-roundtables-stakeholder-pledge-five-years-later
Achieving stakeholder capitalism necessitates an ecosystem of support from investors, executives, and other professionals, as well as embedding these values into law and education.
Harvard Business Reviewhttps://hbr.org/2024/08/the-business-roundtables-stakeholder-pledge-five-years-later
Read at Harvard Business Review
#stakeholder-capitalism #corporate-purpose #business-roundtable #shareholder-primacy #corporate-governance
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