Stakeholders

Thirty-five years after companies were first challenged by R. Edward Freeman to look beyond shareholder interests towards wider stakeholder accountability, 181 big-name multinational CEOs – including from Accenture, Amazon, Apple, Black Rock, GM and Walmart – are being hailed for publicly embracing the idea. That’s hardly pioneering, but it’s an important moment in corporate history. Ever since ‘fiduciary duty to shareholders’ became the yardstick for public corporations, business leaders have used this self-serving mantra as a way to evade social responsibility and dodge public accountability. Can we finally admit that business has a more noble purpose?

— Wayne Visser

From Purpose Inspired: Reflections on Conscious Living, Volume 1. Buy on Lulu ↗