Here’s how to make stakeholder capitalism a reality
By Ajay Banga, Former Executive Chairman of Mastercard
January 22, 2020
Former Mastercard Executive Chairman Ajay Banga shares his thoughts on achieving inclusive capitalism goals in an article for the World Economic Forums’ 2020 annual meeting:
“I believe it’s possible to have an economic engine that works for all stakeholders: governments, people, businesses and the planet. The World Economic Forum has established the vision, the UN has set the goals. Corporate leaders – myself included – have made a commitment. Together, we’ve charted a course to make stakeholder capitalism a reality.”
- Decency can help a business can define their role in society and make stakeholder capitalism a reality.
- Inclusivity includes a diversity of thought among employees and partners.
- For capitalism to benefit all stakeholders, companies must continue to innovate.
- Businesses must work to earn stakeholders’ trust.
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