From shareholder primacy to stakeholder capitalism

growing inequality; perpetuated the racial wealth-gap;

profits derived by extracting value from common resources and communities, including

The case study of the proliferation and success of benefit corporations demonstrates that responsible business can also be successful, mainstream business. However, we maintain that individual company choices are incapable of creating the systemic change needed to end reckless corporate behavior

job-quality, and well-being for the working and

We propose that the trustees of institutional investors be required to consider certain economic, social, and environmental effects of their decisions on the interests of their beneficiaries with respect to stewardship of companies within their portfolios. This clarified understanding of fiduciary duty will ensure that institutional investors use t... See more

prioritize profits, even when those profits are derived

widen their aperture of responsibility and begin to consider a broad array of the interests of the

after subsection (c) of Section 36.

beneficiaries they represent, including their interests in a thriving job market that offers economic