From ACT Wiki
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.
- B Lab
- Benefit corporation
- Corporate governance
- Corporate social responsibility
- Shareholder value
- UK Corporate Governance Code