The Transition to Stakeholder Capitalism and Implications for Corporate Governance

The concept of ‘stakeholder capitalism’ has risen sharply over the last couple of years, and much has been said and written about the effects it could have on companies’ interactions with employees, customers, suppliers, investors and other stakeholders. What isn’t discussed nearly as often are the implications for corporate governance. How could or would corporate governance change for stakeholder capitalism to have a chance of succeeding? What would be the most critical do’s and don’ts in such a transition? And what specific practical steps can companies take to get started on a journey toward being well set up for stakeholder capitalism? These are the questions at the center of this discussion session