While the concept of stakeholder capitalism is not new, what is different today is how it is affecting discussions, decisions, and actions at the board and C-suite level.
The shift to stakeholder capitalism is real, significant and durable. As discussed in Toward Stakeholder Capitalism: What the Shift Means for CEOs and the C-suite, 90% of C-suite executives say the shift is underway – and 80% say it is happening at their company.
Moreover, in a recent survey of C-suite executives, featured in C-suite Outlook 2022, CEOs around the globe rated customers and employees ahead of shareholders as being influential in board decisions. Likewise, CEOs worldwide, and especially in the US, rated rising stakeholder expectations about the role of companies in society far ahead of stockholder activism as a challenge in 2022.
Becoming a more stakeholder-focused company can have significant benefits, but it can involve making changes to the firm’s strategy, operations, governance, and communications. It also often requires an evolution in the roles, responsibilities, and culture both at the top of the house and more broadly throughout the organization.
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Who should attend: Current and prospective board members of public and private companies; CEOs and C-suite executives; sustainability, DEI, citizenship, and corporate communication and governance executives.
Corporate Citizenship Watch is a webcast that offers expert thought leadership and tools for companies to meet the changing expectations for business in addressing societal challenges. With examples from across the globe, each webcast shares leading-edge ideas on how to leverage core competencies while partnering with governments, other businesses, and nonprofits.
This On-Demand Webcast is Complimentary.