In Part 1 of the SharePHIL Online Summit Series last April 29, we put a spotlight on companies and digital platforms that helped buoy the economy by facilitating the shift of consumer spending and banking to online channels. This transformation points to what may be the path to inclusive progress through connectivity and accessibility. (View the full event on the SharePHIL YouTube channel: https://youtu.be/HFnvoR7OZeE)
We are following up this virtual event with Part 2 on September 28 — taking off from the discussion themes of Connectivity and Accessibility leading to Inclusion, towards Stakeholder Primacy.
The emergence of stakeholder capitalism and the shift from shareholder-centricity to stakeholder-primacy has driven businesses to expand the goal of profit-maximization to the holistic creation of long-term value for all stakeholders: from shareholders to employees, customers, vendors, and the communities where they operate. Though the pandemic has upended our economy, it also presented opportunities for the private sector to address gaps in sustainable and inclusive business practices. Now cognizant of the overall impact of their enterprise, business leaders have taken steps to foster shared prosperity by embedding sustainable and inclusive business practices in their corporate strategies.
As we look towards the future through this lens, how is the private sector working towards economic recovery that ensures progress for all stakeholders? How are they making use of the recovery process and its challenges to shift the focus from shareholder profit-maximization to addressing the needs of the community as a whole and steering the enterprise towards sustainable development goals?
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