End of Shareholder Primacy?
In recent times, people across the world have been waking up to their rights and powers as stakeholders, refusing to promote and publicly shaming any unethical practice and business models, that they see as damaging to the physical environment. If shareholders do not take into account these concerns they will fail in generating returns. Global businesses today are now creating ecosystems of free exchange and symbiotic co-operation amongst such stakeholders, including employees, customers, suppliers, shareholders and the environment, promoting Stakeholder Capitalism for rewarding relationships to ensure long-term success and generate maximum returns. Our panel discussion in collaboration with TMA, discussed about the following questions with representatives from Krungthai-AXA, Indorama Venture and C.P. Group.
- What is Stakeholder Capitalism? And why are corporates moving towards it?
- How can corporates change their focus towards Stakeholder Capitalism?
- What are some examples of corporates following Stakeholder Capitalism?
- What are the key challenges in moving your company to align with Stakeholder Capitalism?