The Business Roundtable’s Stakeholder Pledge, Five Years Later

  • 📰 HarvardBiz
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Five years ago, the Business Roundtable issued a statement pledging to “lead their companies for the benefit of all stakeholders.

” In the past five years, stakeholderism has gained wider acceptance and helped many corporate leaders see the value of taking the interests of their stakeholders seriously when planning, developing strategy, making decisions, assessing risks, allocating resources, and so on. But that is a far cry from replacing shareholder capitalism as the central organizing principle for U.S. companies. For that to happen, much more is required.

Proponents will need to define more clearly what stakeholder capitalism is, strengthen its theoretical foundations, and develop a playbook for implementing it, including metrics for measuring performance and guidelines for making tradeoffs. They will also need to build an ecosystem of investors, executives, directors, advisors, and other professionals who understand and support it, embed its precepts in law and regulation, and educate future leaders in its tenets and practices.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 310. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Scottie Scheffler claims Comcast Business Tour's $8M 'business' bonusScottie Scheffler earned an $8 million bonus by finishing No. 1 on the Comcast Business Tour Top 10 for the 2024 PGA Tour's FedEx Cup regular season.
Source: espn - 🏆 731. / 51 Read more »

Labor Market Reports Unemployment Rate of 4.3%See multiple perspectives from CNN Business, Fox Business, and CNBC at AllSides.com.
Source: AllSidesNow - 🏆 572. / 51 Read more »