

Stakeholder Capitalism with Jasper van Brakel
17 snips Sep 27, 2023
Guest Jasper van Brakel, CEO of RSF Social Finance, joins Jenny to discuss stakeholder capitalism. They cover key ideas from classical economics to the shift to stakeholder driven models, trends driving stakeholder capitalism, metrics and B Corps, board representation, co-ops, and philosophical questions. They emphasize the need for a systemic shift, the importance of governance and board representation in moving towards true stakeholder capitalism, and successful examples of co-ops.
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Stakeholder Capitalism Definition
- Stakeholder capitalism means companies create value for all stakeholders.
- It considers shareholders but isn't exclusive to them.
Stakeholder Economics
- Capitalism prioritizes capital, creating a contradiction in "stakeholder capitalism."
- Stakeholder economics is a preferred term, emphasizing broader economic considerations.
Origins of Shareholder Primacy
- Ralph Nader suggested an environmental board member for GM in the 1970s.
- Milton Friedman's doctrine opposed this, arguing companies' sole responsibility is profit maximization.