According to the Conference Board, 90% of C-suite executives say the shift to Stakeholder Capitalism is underway – and 80% say it is happening at their company, and yet this webinar indicates that there is still no agreement on a definition or implementation game plan.
Even though a recent Conference Board survey found that most executives believe in the emergence of Stakeholder Capitalism, this recent webinar indicates that there is still no clear agreement on its definition or implementation process.
Click here to view the program.
Moderated by the Conference Board’s Paul Washington, Executive Director, ESG Center, the panelists were Jennifer Kim Field, Vice President, Corporate Social Responsibility, Henry Schein, Inc. and Peter Reali, Managing Director, Head of Stewardship, Responsible Investing, Nuveen, a TIAA company, could not concretely define the term nor recommend a specific implementation plan.
While Field admits that Henry Schein does not yet have a formal strategy for implementing Stakeholder Capitalism principles, she suggests that management start with what they are already doing. Most executives at the company may not have heard of Stakeholder Capitalism, she says, but many already are addressing various related issues in their current business plans.
Similarly, Reali of Nuveen admits that the company is still finding its way in terms of identifying clear and comparable metrics for evaluating the ESG (Environmental, Social, Governance) practices of the companies it follows in its investment portfolios but believes the issue will not go away.
To help clear up the confusion surrounding definitions and implementation strategies, the EEA is holding the “Definitive Webinar on Stakeholder Capitalism” on March 1 at 12 noon ET, co-hosted by Edward Freeman, author of “Strategic Management, A Stakeholder Approach,” published in 1984, considered the original treatise on the movement. He is a professor at the Darden School at the University of Virginia.
Click here to register.
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Master the “S” of Environmental, Social, Governance (ESG), A.k.a. Stakeholder Capitalism
The Enterprise Engagement Alliance at TheEEA.org is the world’s first and only organization that focuses on outreach, certification and training, and advisory services to help organizations achieve their goals by fostering the proactive involvement of all stakeholders. This includes customers, employees, distribution and supply chain partners, and communities, or anyone connected to an organization’s success.
Training and Thought Leadership
- Founded in 2008, the Enterprise Engagement Alliance provides outreach, learning and certification in Enterprise Engagement, an implementation process for the “S” or Social of Stakeholder Capitalism and Human Capital Management and measurement of engagement across the organization.
- The Enterprise Engagement Alliance provides a training and certification program for business leaders, practitioners, and solution providers, as well as executive briefings and human capital gap analyses for senior leaders.
- The EEA produces an education program for CFOs for the CFO.University training program on Human Capital Management.
- Join the EEA to become a leader in the implementation of the “S” of ESG and Stakeholder Capitalism.
- The ESM information portal and The Enterprise Engagement Advisors Network solution provider marketplace cover all aspects of stakeholder engagement, and the EEA information library lists dozens of resources.
- The RRN information portal and Brand Media Coalition marketplace address the use of brands for gifting, incentives, recognition, and promotions. The BMC information library provides information and research resources.
The EEA Human Capital Management and ROI of Engagement YouTube channel features a growing library of 30- to 60-minute panel discussions with leading experts in all areas of engagement and total rewards.
- Enterprise Engagement for CEOs: The Little Blue Book for People-Centric Capitalists. A quick guide for CEOs.
- Enterprise Engagement: The Roadmap 5th Edition implementation guide. A comprehensive textbook for practitioners, academics, and students.
Enterprise Engagement Advisory Services
The Engagement Agency helps:
- Organizations of all types develop strategic Stakeholder Capitalism and Enterprise Engagement processes and human capital management and reporting strategies; conduct human capital gap analyses; design and implement strategic human capital management and reporting plans that address DEI (Diversity, Equity, and Inclusion), and assist with managed outsourcing of engagement products and services.
- Human resources, sales and marketing solution providers profit from the emerging discipline of human capital management and ROI of engagement through training and marketing services.
- Investors make sense of human capital reporting by public companies.
- Buyers and sellers of companies in the engagement space or business owners or buyers who seek to account for human capital in their mergers and acquistions.
For more information: Contact Bruce Bolger at Bolger@TheICEE.org or call 914-591-7600, ext. 230.