Stakeholder Primacy and Capitalism Model
Executive Summary
The emerging concept of profit-with-purpose corporations suggests that public companies should have the dual mission of profit-making function of creating shareholder value, while protecting interests of other stakeholders through their social benefit function. It appears there is a move away from pure shareholder primacy to stakeholder primacy of profit-with-purpose corporations. It appears that European and Asian companies are moving closer to the concept of stakeholder primacy than their counterparts in North America. This chapter presents the stakeholder capitalism primacy model with the main objective function of creating shared value for all stakeholders.
Introduction ...
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