Stakeholder Capitalism: Intention is the First Step toward Accountability


credit:

This article written by CASE Faculty Director Cathy Clark, tackles what do America's CEOs want to change about corporate governance.

Clark shares what the Business Roundtable, a lobbying group composed of the nation's leading CEOs, have released in a new Statement on the Purpose of a Corporation signed by 181 CEOs.

Clark highlights the key ideas in the release including: 1) The purpose of a corporation in the US is to promote an economy that serves all Americans; 2) US CEOs should move away from the notion that the sole purpose of business is to maximize profits for shareholders; and 3) Businesses share a fundamental commitment to serve all of their stakeholders.

There has been a big reaction to the release and Clark has observed interpretations on two opposite poles: The Air Traffic Control group and The Show Us the Money group. Clark also shares a brief guide to some actions being proposed.

If the companies do take the actions to make their intentions real, Clark says that, truthfully, "we won't know unless they start measuring and reporting on the impact they are having on other stakeholders."

Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

The Growth of Social Enterprises €” For-Profit Businesses That Tackle a Social Problem

"Having a purposeful job actually does transform someone's life," says Edwin Walsh, who runs a social enterprise in Australia called Assembled Threads. "You actually are moving someone from...more

Westlock Community Foundation Helping Students Pursue Educational Opportunities

A new scholarship fund in Canada will help high school students who want to further their education, the CBC reports. The Westlock Community Foundation in Alberta received a $26,800 donation from...more

Community Foundation Celebrates 100 Years of Local Impact by Looking Ahead ...
Foundation: Lancaster County Community Foundation

In 2024, Lancaster County, Pa., will celebrate the 100th anniversary of a group of "visionaries" who "came together to shape a better future for Lancaster County," says Sam Bressi, president and CEO...more

Youth-Led Startups Showcase Sustainable Development Solutions at the Youth Social ...
Foundation: Citi Foundation

"To the youth, I urge you to be proactive, resilient, and persistent on your entrepreneurial journey," says the UN's resident representative in the Philippines. "Make your voices heard, take up...more

Canada and India Announce Funding for Innovations to Improve Child Health

Canada is putting its money where its mouth is, with a $2.5 million investment in five projects in India meant to help the country's poor, the Toronto Star reports. "Many of these novel projects...more

Eric Spofford Presents the Miami Mansion Mastermind: A Premier Business Intensive Event

If you've ever dreamed of owning your very own Miami mansion, you'll want to get in touch with Eric Spofford. The real estate mogul and Instagram star will be hosting a one-day business intensive...more

Self-Love Comes At A Cost: Zainab Patel, Entrepreneur &Amp; Trans Activist

"Many of us, at some point in time, have been told in our lives that we are unloveable. By our parents, partners, husbands, children, friends, or society," says transgender activist Zainab...more

Grant Funding to Bolster Operations at 17 Southern Indiana Nonprofits
Foundation: Community Foundation of Southern Indiana

"When you see the kids interacting and them building communitythat's what it is," says Camp Quality Kentuckiana executive director Eddie Bobbitt. "It's bigger than fishing and pie fights." The...more

People Are Awesome: Web Series about Dickerson Park Zoo Wins Awards

A Missouri State University student has won an Emmy for his behind-the-scenes look at a Springfield zoo, the Springfield News-Leader reports. Jon Mabee taught film and television students to film...more

U.C. Berkeley Ai Alumnus Extends Invitation to Elon Musk, Jeff Bezos, Mark Zuckerberg to ...

Peter Kessler graduated from the University of California, Berkeley, with a degree in chemical engineering, and now he's working on an AI invention that "stands on the brink of the educational...more


Meticulon, a project of Autism Calgary Association in partnership with the federal government and the Sinneave Family Foundation, operates as a social enterprise that renders high-tech services provided by people with autism, leveraging their natural abilities at requiring attention to detail, repetition, and sequencing.



Federal Government Grant and Assistance Programs


Forests and Woodlands Resource Management | Great Lakes Program | Highway Planning and Construction | Behavioral Risk Factor Surveillance System | Japan-US Friendship Commission Grants | Food and Drug Administration_Research | Indian Tribes and Tribal Corporation Loans | International Labor Programs | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders