Transcription of A PRACTICAL PERSPECTIVE: STEWARDSHIP
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A PRACTICAL perspective : STEWARDSHIP . FOSTERING RESPONSIBLE. LONG-TERM WEALTH CREATION. PUBLISHED BY IMD (2015). Introduction: STEWARDSHIP in a nutshell How can a business thrive and sustain growth while enhancing the wealth of its stakeholders and the well-being of the societies in which it operates? This, in essence, is the question STEWARDSHIP aims to answer. The landscape for business is ever evolving. Business structures and relationships PROF. among stakeholders are becoming more complex and interdependent. Businesses DR. DIDIER COSSIN face unrelenting short-term pressures when making decisions.
sion can be positioned on a continuum with shareholder primacy at one extreme and stakeholder theory at the other. In nations where the state plays a more active part in the business sphere, the situation can differ. With the growing affluence and influence of sovereign wealth funds (SWFs) in many countries, there is the potential
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