Stakeholder capitalism and the board: Taking on a new mindset
Corporate Secretary’s research report, ‘Stakeholder capitalism and the board: Taking on a new mindset’, reveals findings from a survey conducted among in-house governance professionals such as general counsel, corporate secretaries and their teams. Their responses provide helpful insight into, among other things, how boards assign oversight of and discuss stakeholder capitalism issues, investor questions about those issues, the extent of formal stakeholder capitalism strategies and whether companies link executive compensation to corporate purpose. The findings in this report are based on an online survey conducted between December 2021 and February 2022.
- Sixty-one percent of respondents say the main board has some oversight of stakeholder capitalism issues.
- Three quarters of respondents say their company seeks information on the needs of stakeholders other than shareholders.
- More than half (53 percent) of respondents at mega-caps say stakeholder capitalism issues are at least very important to their investors, with 18 percent saying they are extremely important.
- Overall, more than half (51 percent) of respondents say executive compensation is linked to corporate purpose at their company.