Page 12 - Michael Docherty News Today : Breaking News, Live Updates & Top Stories | Vimarsana
China common prosperity: the end of bling?
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The question of whether companies can combine profits with purpose continues to be a thorny one.
In March, management change at French food producer Danone underlined the difficulties some companies face in trying to become more sustainable businesses. The CEO-chairman, who had made a powerful statement of intent by formally turning Danone into a “purpose-driven company”, was ousted by activist investors.
Many companies are taking a broader view of their purpose so that they serve the interests of all their stakeholders, rather than focusing primarily on rewarding shareholders. This is a concept known as stakeholder capitalism.
Can companies really balance the needs of all stakeholders?
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