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Market-Based Solutions to Vital Economic Issues


Kenan Institute 2024 Grand Challenge: Business Resilience
Market-Based Solutions to Vital Economic Issues
ESG Full Report

Stakeholder Capitalism Grand Challenge Final Report

The institute caps off its formal year of studying stakeholder capitalism for its 2022 grand challenge with the release of a final report encapsulating its top findings in an actionable, solutions-oriented format.

January 26 – 27, 2023 • The Breakers, Palm Beach, FL


The Promise and Peril of Stakeholder Capitalism

While a welcome paradigm shift for critics of shareholder primacy, the concept of stakeholder capitalism conjures vastly different problems, prospective solutions and desired outcomes for different populations. The controversial broadening of a business’s mandate beyond maximizing profits to account for its impact on customers, suppliers, employees and executives is exceedingly complex. And as an increasing number of businesses grapple with the adoption of ESG frameworks and stakeholder capitalism’s tenets – along with the inevitable trade-offs between competing stakeholder groups such adoption brings – public and private sector leaders alike need guidance.

Our 2023 Frontiers of Business Conference will convene top researchers, corporate executives and policy leaders all working around the globe to navigate the balance of corporate value and values. Join us as our experts share objective, evidence-based solutions for implementing stakeholder capitalism and ESG frameworks more broadly.

Featured Insight

Kenan Insight
How CEO Pay – and How It’s Determined – Factors into ESG
CEO pay is the latest point of contention in the political fight over ESG, but the arguments have become oversimplified. When we think about good corporate governance, what does the evidence say about CEO pay? The results may surprise you.


The Kenan Institute’s Distinguished Fellows comprise an exemplary set of global scholars committed to leveraging their individual expertise, thought leadership, research and networks to further the institute’s efforts to examine – and drive solutions to – the most complex and timely issues facing business and the economy today. Appointed on an annual basis, the 2022 Distinguished Fellows work to support the Kenan Institute’s exploration of stakeholder capitalism – and whether the model could be set to replace shareholder primacy.  

Alex Edmans
Professor of Finance, London Business School; Academic Director, Centre for Corporate Governance; Managing Editor, Review of Finance and 2022 Kenan Institute Distinguished Fellow
Olga Hawn
Associate Professor of Strategy and Entrepreneurship, UNC Kenan-Flagler Business School; Sustainability Distinguished Fellow and Faculty Director, Ackerman Center for Excellence in Sustainability and 2022 Kenan Institute Distinguished Fellow
Lubos Pastor
Charles P. McQuaid Professor of Finance, University of Chicago Booth School of Business and 2022 Kenan Institute Distinguished Fellow
Jacquelyn Pless
Fred Kayne (1960) Career Development Professor of Entrepreneurship and Assistant Professor of Technological Innovation, Entrepreneurship, and Strategic Management, MIT Sloan School of Management and 2022 Kenan Institute Distinguished Fellow
Emmanuel Yimfor
Assistant Professor of Finance, University of Michigan Ross School of Business and 2022 Kenan Institute Distinguished Fellow