Multi-stakeholder capitalism requires ubuntu principles
Entreprenuership is the innovation behind economic progress, progress in which business is undertaken with solidarity, compassion and justice
The seismic paradigm shift necessitated by multi-stakeholder capitalism calls for a more fundamental appeal to governance principles than just the redefinition of the purpose of the corporation. The universal sustainability implied by this approach blurs the separation between the passion of a social mission from the image of the business, such as discipline, innovation and determination commonly associated with for-profit organisations.
Good governance has to seamlessly serve both a social purpose and investor demands by appealing to more fundamental founding principles. Clearly, issues that have been hitherto considered a soft science have coagulated to become the basis for corporations’ sustainability...
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