READ MORE:* Business directors should ask themselves: 'Am I still relevant?' The celebrity CEO with little skin in the game emerged in the 19th century and has plagued capital markets ever since. Into this angst comes a new sophistry, stakeholder capitalism, offering the promise of liberation for petty directors from the tyranny of irrelevance. Stakeholder capitalism advocates that companies serve not only its shareholders but all stakeholders, including local communities, the environment and society. The report goes on to state: “Directors have a critical leadership role in contributing to the wealth and wellbeing of New Zealand.

Source: Stuff August 07, 2021 17:01 UTC