What’s the point of stakeholder capitalism?
Stakeholder capitalism is the idea that businesses have a responsibility to groups other than their shareholders. But is that really capitalism? Why are so many businesses embracing this idea? And, given that stakeholders often have conflicting views, can it work in practice? Lizzie and Ayesha are joined by Alison Taylor, the director of Ethical Systems at NYU’s Stern School of Business, and Richard Oldfield, PwC’s global markets leader, to discuss what stakeholder capitalism means for businesses and for society.