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In the past few years, business leaders have increasingly been urged to shift from a shareholder-centered approach to governance to a multi-stakeholder approach. This is often referred to as a shift to “stakeholder capitalism.” But there’s a catch: Leaders interpret stakeholder capitalism in various ways, which can result in confusion and conflict. Here are four different visions of what stakeholder capitalism can mean. — Adapted from “What Does ‘Stakeholder Capitalism’ Mean to You?” by Lynn S.
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