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Shift to Stakeholder Management Creates Enormous Opportunities for HR

Published: Mar 29, 2023

The new focus on viewing stakeholders as assets rather than as a sunk cost creates new ways for human resources to create value for organizations but will put enormous strains on departments based on the traditional shareholder-focused model. It is simply not possible to combine into one human being or role the three critical inter-related elements and skill sets required of a stakeholder approach to management in human resources. The shift toward stakeholder management not only creates significant opportunities for human resources, but three different career paths. ... [ read more ]

Banks Created ESG and Stakeholder Capitalism, Not Social Activists

Published: Mar 29, 2023

The fundamental lack of awareness of ESG (Environmental, Social, Governance) and Stakeholder Capitalism, and the attempt to politicize the concepts, have led to considerable confusion. A quick read of the original United Nations report that helped coin the term ESG clearly demonstrates the direct connection between ESG and Stakeholder Capitalism.... [ read more ]

Is Enterprise Engagement Technology the Next Big Thing?

Published: Mar 21, 2023

While the human resources field continues to focus on employee recognition, rewards, and human resources systems, and the sales field on CRM (customer relationship management), the business world is overlooking Enterprise Engagement technologies that make it possible for almost any size company to seamlessly integrate all the key ways they engage people on a single, smartphone accessible platform.... [ read more ]

EEA YouTube Show Recap: EU Sustainability Reporting Directive Will Have Significant Impact

Published: Mar 21, 2023

A US legal expert on ESG and stakeholder governance and a European Union specialist on human capital reporting agree with the US legal and management consulting community that the new European Corporate Sustainability Directive (CSRD community will have far more impact on US businesses than the EU GDPR (General Data Protection Regulation) privacy rules because of the breadth of the disclosure requirements. ... [ read more ]

Dip Your Mind Into the New World of Stakeholder Management...

Published: Mar 15, 2023

The Enterprise Engagement Alliance offers free or low-cost ways for people to get started down the path to learning about the formal principles, economics, implementation, and reporting processes of stakeholder management, the implementation process for Stakeholder Capitalism. This learning program is even more important now that the European Union has established stakeholder management as a business norm in its new Corporate Sustainability Reporting Directive requiring disclosures on all areas of stakeholder engagement of large companies (over 250 employees) doing business in Europe. ... [ read more ]

Is the New EU Sustainability Reporting Directive a Game Changer for Stakeholder Management?

Published: Mar 7, 2023

A US legal expert on ESG and stakeholder governance and a European Union specialist on human capital reporting will help management worldwide understand the potential implications of the new European Corporate Sustainability Directive (CSRD). It is expected by the US legal community to have far more impact on US businesses than the EU GDPR privacy rules because of the breadth of the disclosure requirements. ... [ read more ]

Brand Networks Audience Exchange: Empowering Stakeholders to Socialize Your Brand

Published: Mar 7, 2023

A fundamental principle of Enterprise Engagement is to align external and internal communications and marketing, which includes embracing employees and other stakeholders as ambassadors for an organization. Brand Networks, a social media activation agency recently acquired by Augeo, a Minn.-based enterprise engagement agency, was launched to do just that for Fortune 500 companies.... [ read more ]

Stakeholder Capitalism Crosses Red-Blue Divide: 19 Rep., 16 Dem. Govs. Ink Public Benefits Corp. Statutes

Published: Mar 2, 2023

Many of the same governors who have come out against Environmental, Social, and Governance (ESG) have signed into law public benefits corporation statutes which enshrine Stakeholder Capitalism into the corporate laws of their states for any organization which wishes to benefit from them. Beneath the rhetoric, well-known governors in both parties support the principles of Stakeholder Capitalism. ... [ read more ]

In His Own Words, Milton Friedman Supported Stakeholder Capitalism

Published: Feb 27, 2023

With Stakeholder Capitalism thrust into the national limelight by Vivek Ramaswamy, the third declared Republican national presidential candidate, it has become essential to ensure that a non-partisan field born at the front lines of business and academia does not become distorted and delayed by partisan politics. Given that Stakeholder Capitalism is simply better business, the political turmoil could set back a practical approach to business of which the oracle of capitalism clearly approved. ... [ read more ]

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