TED Talks Daily How businesses can serve everyone, not just shareholders | Dame Vivian Hunt
Oct 20, 2020
Dame Vivian Hunt, a prominent business leader, dives into the essential shift towards stakeholder capitalism, where companies prioritize the well-being of employees, customers, and the environment alongside profits. She discusses redefining corporate governance for all stakeholders and emphasizes the need for actionable, measurable sustainability goals. Hunt highlights the role of strong, diverse supply chains, especially in healthcare, and how CEOs can lead by reporting on social and environmental impacts, paving the way for businesses to truly serve everyone.
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Stakeholder Involvement
- Involve everyone to truly serve stakeholder needs.
- There are no quick fixes, but resetting priorities is crucial.
Boardroom Diversity
- Restructure boardrooms to include diverse stakeholder representatives, not just shareholders.
- Learn from non-profits, which often have boards with broader expertise.
Measurable Sustainability
- Set concrete, measurable sustainability goals with regular progress tracking and data sharing.
- Treat sustainability like training for a marathon, not a vague future aspiration.