Stakeholder Capitalism: Intention is the First Step toward Accountability

This article written by CASE Faculty Director Cathy Clark, tackles what do America's CEOs want to change about corporate governance.

Clark shares what the Business Roundtable, a lobbying group composed of the nation's leading CEOs, have released in a new Statement on the Purpose of a Corporation signed by 181 CEOs.

Clark highlights the key ideas in the release including: 1) The purpose of a corporation in the US is to promote an economy that serves all Americans; 2) US CEOs should move away from the notion that the sole purpose of business is to maximize profits for shareholders; and 3) Businesses share a fundamental commitment to serve all of their stakeholders.

There has been a big reaction to the release and Clark has observed interpretations on two opposite poles: The Air Traffic Control group and The Show Us the Money group. Clark also shares a brief guide to some actions being proposed.

If the companies do take the actions to make their intentions real, Clark says that, truthfully, "we won't know unless they start measuring and reporting on the impact they are having on other stakeholders." Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

A Transformative Gift to Drive Racial & Economic Justice

Philanthropist MacKenzie Scott is donating an extraordinary $40 million unrestricted grant to LISC. It is the largest gift from an individual in LISC’s 40-year history—one that not only speaks...more

Call for Nominations: Invest in California’s Future
Foundation: James Irvine Foundation, Irvine Foundation

The James Irvine Foundation announces its open nominations for the 2021 Leadership Awards. The Awards recognize exceptional leadership, characterized by significance, innovation, effectiveness,...more

Online Course -Voices of Social Change
Foundation: International Youth Foundation

Coursera announces its Voices of Social Change, a free online short course co-designed and delivered by eight young social entrepreneurs. Voices of Social Change, powered by Laureate...more

Tulane University Partners with Venture for America to Create Inner-City Jobs

Tulane University's Albert Lepage Center for Entrepreneurship and Innovation will partner with Venture for America (VFA) to host 2020 VFA Fellows along with leaders from university entrepreneurship...more

Social Entrepreneurs Needed to Address Present-Day Inequities and Gaps in India

Ravi Sreedharan, Founder-Director, and Lopamudra Sanyal, Research Fellow at the Indian School of Development Management (ISDM), tackle the work and innovations by social entrepreneurs that continue...more

Three-Year Initiative Gives Publishers Support to Adopt and Digital Platforms
Foundation: Knight Foundation

The John S. and James L. Knight Foundation recently announced a call of applications for their new initiative to help news organizations find sustainable publishing solutions. Nonprofit newsrooms...more

When You Practice Corporate Social Responsibility, Everyone Benefits

Rixys Alfonso, a spokeswoman giving a greater voice to the Hispanic community, writes how this is the right time to integrate a corporate social responsibility (CSR) strategy in any business climate....more

Moving Beyond Theories of Change: A Framework for Strategic Implementation

A new Arabella Advisors report titled "Moving Beyond Theories of Change: A Framework for Strategic Implementation," builds upon the work of Senior Managing Director Gwen Walden and her 25 years of...more

Reimagining Black Wealth: Asking 400 Year Old Questions

Living Cities staff JaNay Queen Nazaire, Chief Strategy Officer, and Demetric Duckett, Managing Director, write how Living Cities is "not only doubling-down on the use of capital as a driving...more

Remaking the Economy: NPQ comes to the Black Belt and the Delta!

A webinar interview of Dr. Shirley Sherrod, a cofounder of New Communities near Albany, Georgia, home to the nation's first community land trust, discusses the history of New Communities and the...more





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