Stakeholder governance

From ACT Wiki
Jump to navigationJump to search

ESG - governance - corporate governance.

Stakeholder governance is a form of corporate governance that considers the interests of all stakeholders.

Contrasted with historical approaches that made shareholders' interests the primary focus.

Corporate accountability to people and the planet
"Operating under a doctrine known as shareholder primacy, companies are able to prioritize profits — even when those profits are derived from behaviors that create inequality, environmental damage, and social fragmentation.
The failure of shareholder primacy is increasingly acknowledged by business and finance leaders around the world.
Many are now calling for a shift to corporate governance that prioritizes all stakeholders, commonly known as stakeholder governance or benefit governance.
This kind of corporate governance ensures that companies are required to consider the interest of all of their stakeholders — customers, workers, suppliers, communities, investors, and the environment — in their decision making.
Put simply: stakeholder governance ensures we have better businesses that are accountable to people and planet."
Making business accountable to people and planet - B Lab.

See also

External link

B Lab - Making business accountable to people and planet