Stakeholders Take Center Stage: Director Views on Priorities and Society
Today, companies are receiving significant pressure to focus on more than just profits. The latest research report from the Diligent Institute and Stanford’s Rock Center for Corporate Governance explores the impact of stakeholder pressures in the boardroom.
The stakeholder-centric model of company governance – one that places customers, employees, and communities on equal footing with company shareholders – has received significant attention globally. Whether a fundamental change or a PR play, this refocusing of corporate priorities is being driven by a sense of uncertainty: political, economic, social, and environmental –
- What is the purpose of an organisation: to make money or to make the world a better place?
- How do directors balance the variety of pressures they feel in the boardroom? Are they being pulled in different directions?
- As overseers of organisational risks and profits alike – where do board members loyalties and priorities lie?