Has your organization made a public or legal claim to consider stakeholders in business decisions?
Through benefit corporation legislation and other channels, companies are increasingly making legally-binding public claims to consider the needs of their stakeholders—workers, communities, the environment, and so on—alongside shareholders.
While this movement toward ‘stakeholder capitalism’ is primarily business-focused, these principles can apply to public-facing organizations of all stripes, including charities, trade associations, foundations, or civic agencies. If your nonprofit is dedicated to improving air and water quality, for instance, yet you don’t pay workers a living wage or offer other employee benefits, have you really fully explored your commitment to benefit society?
- Read Why Pass Benefit Corporation Legislation?
- Read Agencies of Change: Finding Common Ground for Purpose and Profit
- Read The Type of Purpose That Makes Companies More Profitable
- Read Redesigning How We Work
- Read Facebook, Blackrock, and the Case for Purpose-Driven Companies
- Read Corporate Responsibility in the Digital Era