Shareholder Primacy vs. Stakeholderism: 5 Years Later (Pt 2)
Is Business Broken?
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Navigating Stakeholder Capitalism
This chapter examines the barriers to effective stakeholder capitalism, emphasizing the need for a comprehensive stakeholder analysis and the challenges in balancing shareholder and stakeholder interests. It discusses the impact of agency theory on executive compensation, the implications of corporate governance reforms like Sarbanes-Oxley, and the complexities posed by diverse stakeholder groups. By exploring the dynamics of shareholder activism and the political pressures on CEOs, the chapter highlights the ongoing struggle between maximizing shareholder value and addressing broader societal concerns.
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