Analysis: Without a Clear Definition, Stakeholder Capitalism Confusion Reigns
Published: Nov 22, 2022
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Is momentum beginning to grow for ISO 30414 Human Capital reporting? The Toyota Tsusho Corp. announced that it has achieved the ISO 30414 Human Capital Reporting certification, the second company in Japan and the sixth organization in the world with this designation. And, the Human Resource Standards Institute has announced that it is now providing ISO 30414 certification for organizations, along with ISO 30415 Diversity, Equity, and Inclusion. ... [ read more ]
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The little-known ability offered by Enterprise Engagement technology to do for general stakeholder engagement what CRM has done for customer relationship management will gradually get a boost as more companies enter the field and organizations large and small recognize the enormous advantages of aligning all stakeholder engagement practices on a single platform. ... [ read more ]
This diary of a single purchase of a Google 7Pro smart phone documents the waste of organizations lacking a strategic and systematic approach to stakeholder engagement across the enterprise. Multiple Verizon employees off the record confirmed that this experience and the underlying causes are common at Verizon. It demonstrates the need to embrace a better way to measure the impact of low productivity, quality, and customer service if organizations hope to achieve a better return on investment on their engagement of employees and customers.... [ read more ]
A leading provider of information and events for the health care system has added an Employer Experience track managed by Mercer, a well-known advisory firm with health care and workplace management services. ... [ read more ]
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A new study by Corporate Secretary, an IR Media publication, finds that a “large majority of companies are looking beyond the interests of just shareholders, but relatively few have so far created a formal approach to Stakeholder Capitalism amid growing interest in the concept.” The study suggests the need for a greater understanding of formal strategic and systematic implementation frameworks.... [ read more ]
This article isn’t designed to make friends among recognition managers and suppliers but rather to help organizations right a terrible wrong: most recognition programs ignore basic principles of effective implementation and are a waste of money and time. Here’s why and how to correct it. With a recession looming, human resources managers who wish to retain these programs can take some simple steps to make them better. ... [ read more ]
JUST Capital Founder and hedge fund billionaire Paul Tudor Jones cites the results of an ETF that he helped create to argue that opponents to Environmental, Social, Governance are dead wrong and that ESG has not yet fully captured the importance of the “S” in a CNBC interview with Andrew Ross Sorkin.... [ read more ]
As part of its outreach effort for strategic people management, the Enterprise Engagement Alliance maintains two regularly updated libraries of links to information on Stakeholder Engagement and the Incentive Rewards and Recognition (IRR) fields. ... [ read more ]
Shareholder Capitalists are in trouble, and they know it. This explains why its leading proponents have launched an all-out attack on ESG (Environment, Social, and Governance) investing.... [ read more ]
Nothing gets done in any organization without people – its human capital. How well the human capital manages the financial capital and intellectual capital determines the value of any business… so you’d better get the human capital part right urges the author.... [ read more ]
The Tarrytown, NY-based Enterprise Engagement Alliance, the leading think-thank, outreach group, and professional education service for Stakeholder Management and Human Capital Management and reporting, has joined forces with 4C GROUP to offer an international advisory service for Stakeholder Management and Human Capital Reporting. ... [ read more ]
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A leader in brand-culture alignment has introduced a half-day service to recharge and/or reset the culture within an organization or team. It provides an alternative to traditional outdoor- or recreational-team building in that it focuses the interaction on clear organizational goals. ... [ read more ]
Speaking before the Interfaith Center on Corporate Responsibility, Leo E. Strine Jr., an expert on corporate governance, provides a clear definition of Stakeholder Capitalism that he believes finds common ground among the right and the left, including a little bit of pain for each side. If done right, Stakeholder Capitalism can benefit all the interests we care about while preserving our individual freedoms.... [ read more ]
The political opposition to Stakeholder Capitalism will not stand in the way, assert Dan Schulman, President and CEO of Paypal and Lynn Forester de Rothschild, Founding & Managing Partner of Inclusive Capital Partners, in a session at the recent Fast Company program in New York titled “In Defense of Stakeholder Capitalism.” ... [ read more ]
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ITA Group, which describes itself as a global leader in corporate engagement solutions, has announced its acquisition of employee engagement and experiential learning company NKD.... [ read more ]
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