Business
How to Make Stakeholder Capitalism Work
Stakeholders must have more power over the companies that affect them. Giving them a share in ownership and governance is the best way to ensure this.
Stakeholders must have more power over the companies that affect them. Giving them a share in ownership and governance is the best way to ensure this.
The campaign to reform capitalism by making companies prioritize stakeholders could never succeed without getting large multinational corporations on board. Now that Danone, Laureate Education, and Natura have signed on, the B Corp movement is demonstrating how it can be done.
Until recently, most of the 3,422 companies (in 71 countries) that have become a B Corp have been small and medium-sized, but a growing number of large, established corporations are starting to undergo the certification process as well.
Nonprofits that wish to integrate revenue-generating activities into their operations must think strategically about who will benefit from them and how they will further their social mission. A feature story from the Fall 2019 issue.
Participant Media, founded in 2004 by Silicon Valley entrepreneur Jeff Skoll, combines boutique film and television production with campaigns to enact social change. A Field Report from the Fall 2019 issue.
A new French law is about to revamp the country’s civil code and its 200-year-old definition of the corporate purpose.
Reflections on a 50-year partnership between an international NGO and multi-national corporation, and why working together in true partnership is the only way to meet the Sustainable Development Goals.
Progress in dealing with the problem of climate change will require that the institutions of government, business, and community work not in isolation from each other, let alone at cross-purposes, but by reinforcing each other’s efforts through consolidation.
Social innovation will take different forms in different countries. In China, businesses are likely to take the lead.
The B Corp movement has pushed a powerful model of socially responsible business that has the potential to advance human rights. But it has so far failed to engage human rights advocates—to its detriment.