"What kind of capitalism do we want? That may be the defining question of our era. If we want to sustain our economic system for future generations, we must answer it correctly.” -Klaus Schwab, Founder and Executive Chairman, World Economic Forum
A snapshot of an article published in Executive Talent, the global magazine from AESC, featuring Louis Chaplin, Head of Eton Bridge Partners' Board practice.
We are entering the era of stakeholder capitalism. What do we mean by that? Lutfey Siddiqi, Managing Director at the CFA Institute and a visiting professor in practice at the London School of Economics describes the shift in corporate leadership “from an allegiance to a single stakeholder—shareholders—to a multi-stakeholder approach,” which requires corporations “to be mindful of their impact, positive and negative, on the environment, on employees, on the societies that they operate in.”
“All of those things need to be considered,” Siddiqi says. “That is the ethos of stakeholder capitalism.” The article covers the role of business in society and how it is becoming greater than its goods, services and economic impact – including:
- The state of stakeholder capitalism today
- Stakeholder focus, risk and resiliency
- The role of the influencer
- Is stakeholder capitalism here to stay?
To read the article in full click here.