Stakeholder Capitalist

Politics and Stakeholder Capitalism Don’t Mix and Much More With Former Delaware ChiefJustice Leo E. Strine Jr. and Labor, Worklife, and Pension Expert Larry Beeferma

In this podcast on Stakeholder Capitalism, Leo E. Strine Jr., former Delaware Supreme Court justice, early advocate for the Public Benefits Corporation statutes, with Larry Beeferman, Fellow on Work Life and Labor for the Harvard Law School, refute the notion that Stakeholder Capitalism has anything to do with politics. In fact, Strine argues, most companies should stay out of politics and focus on the welfare of the stakeholders—employees, customers, supply chain and distribution partners, and communities that create wealth for shareholders. In this wide-ranging interview with two experts in the areas of Stakeholder Capitalism and corporate governance, key insights include: The current debate about Stakeholder Capitalism and Environmental, Social, Governance (ESG) is more a reflection of well-established opposing views about the pros and cons of capitalism and free enterprise than it is an actual debate about the merits of Stakeholder Capitalism.

Alex Edmans Charts Implementation of Stakeholder Capitalism Principles

In a 60-minute Enterprise Engagement Alliance webinar class, London Business School Professor of Finance Alex Edmans provides a clear framework for benefiting from the practical implementation of Stakeholder Capitalism. This session is part of the only formal professional learning program for the implementation of the people aspects of Stakeholder Capitalism.The reason why Alex Edmans’ book “Grow the Pie: How Great Companies Deliver Both Purpose and Profit” is among the five books that come with Enterprise Engagement Alliance membership becomes apparent when watching this EEA YouTube show. Edmans doesn’t just make a business case for Stakeholder Capitalism, he provides a practical framework for implementation.

The Return on Investment of Diversity, Equity, Inclusion

Despite decades of pressures from racial and social equity groups, US corporations have for the most part made only slow progress toward baking Diversity, Equity, and Inclusion into their business plans, according to panelists Eric Darrisaw, Principal, Lazarus Advisors, a boutique advisory firm focusing on Environmental, Social, Governance (ESG), human capital management, and DEI; Marvin Owens, Chief Engagement Officer, NAACP Impact Shares; and Rene Redwood of Redwood Enterprise, a corporate strategic planning and human capital advisor with a focus on DEI.
This show addresses why US companies in general have made little progress in creating fully inclusive cultures and marketplaces and how organizations can benefit through an ROI-based approach to DEI.

The State of Stakeholder Capitalism With R. Edward Freeman, the Father of the Movement

Who better to catch up with on the state of Stakeholder Capitalism but R. Edward Freeman, Professor of Business Administration at the University of Virginia Darden School of Business. His 1984 book “Strategic Management: A Stakeholder Approach” helped give rise to the extensive research on the benefits and methods of managing and addressing all stakeholders in an organization, rather than focusing specifically on the interests of shareholders. This has earned him the designation as a “father” of Stakeholder Capitalism by organizations such as JUST Capital.

Who Says You Can’t Measure Human Capital and Engagement ROI

This show demonstrates in clear and simple terms how organizations can clearly measure human capital and engagement and use human capital scorecards to build a better business. Guests are Dr. Gary Rhoads, CEO of Xvoyant, a sales technology company and Academic Advisor to the EEA, and Todd Hanson, President of Catalyst Performance Group, a leader in Business Operating systems and ROI of engagement practices.

How to Educate the C-Suite on the Importance of Human Capital Management and Metrics

This show focuses on the role human resources or other management can play in: helping CEOs develop and implement a human capital management strategy with clear metrics; providing better measurement of HR practices; contributing to the publication of Corporate Responsibility Reports, and even assisting CEOs with human capital merger and acquisition assessments. What does HR need to make the case for a strategic and systematic approach to people management. What does HR need to do as a profession to profit from these opportunities? What types of skills will they need?
 
Guests: Amy Armitage, Chair, Human Capital Investment & Reporting Council, Program Director,The Conference Board; Alex Edmans, Professor of Finance, London Business School, and author of Grow the Pie; Sonia Consiglio Favaretto, UNGC SDG Pioneer/Chair of the Global Reporting Initiative Brazil Advisory Board/ Vice-chair of the CDP Board; Laura Queen, EdD, CEO, 29Bison.com, a mid-market M&A advisory firm focusing on human capital risk analysis, with 20-plus years in HR management.

Strategic Culture

Over the last two decades, hundreds of books have focused on leadership and culture, and many CEOs at companies of all sizes have hired coaches to help improve their management styles. And yet, after 20 years or more of talk, probably no more than 20% of organizations have a strategic approach to culture management—i.e., a CE0-led plan that drives a consensus-based brand promise, values, culture, and objectives through a formal process across the enterprise. The result—almost no change in customer and employee engagement.
Panelists address why most companies do little more than pay lip service to culture; the potential cost of that oversight; and what can be done about it. Guests: Dr. Paul White, Founder, Appreciation at Work, a leader in culture through genuine appreciation; Alex Edmans, Professor of Finance, London Business School and author of the recently published, Grow the Pie, who will be sharing his research on the economic benefits of engagement but also a new equation for making decisions based on smarter human-capital analytics; Gary Rhoads, CEO of Xvoyant.com, and Professor Emeritus, Marketing and Entrepreneurship, Marriott Graduate School of Business, who will provide the perspective of an early pioneer in Enterprise Engagement as creator of Allegiance, now MaritzCX, a customer experience company, and more recently of Xvoyant, a sales engagement SaaS platform that is yielding fascinating insights on sales behaviour based on empirical data; and Barbara Porter, Managing Director, EY, who has managed culture both as a CEO of her own company and as an advisor to many others.

Stakeholder Capitalism, Human Capital Management, and the Opportunity for Human Resources

Human Resources visionary Dave Urlich talks about the forces potentially changing HR in the coming years. Investors, consumers, talent, and now the Covid-19 crisis have put increasing pressure on CEOs to have a strategic and systematic approach to managing human capital. This show addresses the emerging topic of Stakeholder Capitalism being espoused by an increasing number of influential leaders, including the World Economic Forum, the Business Roundtable, Paul Tudor Jones and his JUST Capital outreach organization, The Embankment Project, and many more, and how it promises to affect the management of people in the coming years. This show addresses the new focus on people and what skills CEOs and management will need to master. Topics covered include making the business case for HR; the need for strategic engagement solutions, and much more.

Advertising and Marketing in the Era of Authenticity

On the one hand, the severe economic downturn and increasing push to digital is squeezing margins for agencies, and on the other hand, consumers have become even more skeptical about companies and are demanding a greater focus on people and authenticity: 70% of respondents to a recent JUST Capital/Harris Poll say they prefer to do business, work for, or do business with people-focused businesses. This podcast addresses the potential impact of this collision of trends on advertising and marketing. Does the field of advertising and marketing field have a transformative opportunity in the era of authenticity and purpose? Are clients ready to be challenged to use the powerful tools of advertising and marketing to focus not only telling the truth and helping people in their campaigns, but on keeping their promises? Are marketers ready to build internal and distribution partner engagement and promise delivery into every “campaign?” Guests: Matthew Della Croce; President Global and Corporate for Allison Partners; Satish Korde, a brand strategy consultant and formerly CEO of GTB, and Allan Steinmetz; CEO, Founder, Inward Consulting.

Why Human Capital Reporting Will Become Required and What That Means to Your Organization

Amy Armitage, Chair Human Capital Investment & Reporting Council, Program Director; Eric Darrisaw, CEO, Lazarus Advisors; Dorien Nunez, Principal and Co-Founder of the OMNIResearch Group, and Nick Shepherd, Fellow Chartered Professional Accountants Canada discuss why human capital reporting likely will become common because of new Securities & Exchange Commission disclosure requirements, the new Stakeholder Capitalism metrics published by the World Economic Forum to support the Business Roundtable’s commitment to Stakeholder Capitalism, and by the concurrent pressures on businesses to disclose practices and metrics on diversity, equity, and inclusion.