U.S. Economic Experts Weigh In on Stakeholder Capitalism
UNC Kenan-Flagler Business School Professor Camelia Kuhnen was among a group of economists who answered questions for a survey on stakeholder capitalism by the Initiative on Global Markets at the University of Chicago Booth School of Business. Considering one statement – “Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce” – Kuhnen objected strongly. Corporate governance is hard to do when the objective is simple, she wrote, “not to mention when the objective is complex.” The Kenan Institute has made stakeholder capitalism its annual theme this year, exploring objective, evidence-based solutions for navigating the opportunities and challenges of balancing a business’s value and its values.
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- stakeholder capitalism 57
