From Shareholder Primacy to Stakeholder Capitalism

Description

From Shareholder Primacy to Stakeholder Capitalism is a pioneering and incisive work that charts the ideological and practical transformation of modern capitalism. In an era defined by growing inequality, ecological urgency, and increasing demands for corporate accountability, this book offers a definitive roadmap for understanding the global shift from profit-centric shareholder models to inclusive, stakeholder-driven governance. Structured across ten comprehensive chapters, it traces the origins of shareholder primacy, examines the forces of globalization, financial crises, and rising societal expectations that have fueled the rise of stakeholder capitalism, and explores the conceptual foundations of stakeholder governance. The book provides deep insights into ESG (Environmental, Social, and Governance) integration, legal innovations, and the evolving fiduciary landscape while highlighting the transformative power of technology in promoting transparency, ethics, and sustainable growth. It also addresses the challenges of measuring impact through ESG ratings and SDG-aligned reporting and emphasizes cultural and regional variations in stakeholder rights, making it particularly relevant for global corporations and policymakers. Culminating in a visionary discussion on the future of capitalism, it explores the emergence of stakeholder democracy, generational shifts, consumer consciousness, and the pivotal role of education in shaping equitable economic systems. More than a chronicle of systemic change, From Shareholder Primacy to Stakeholder Capitalism serves as a strategic compass for corporate leaders, investors, academics, and policymakers committed to reimagining capitalism for a more just, transparent, and sustainable world.