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Cooper: Expansion of Business Purpose Reflects Move Toward "Stakeholder Capitalism"
September 16, 2019
In light of recent steps two global business groups have taken to expand the acknowledged purpose of businesses beyond increasing shareholder value, Kate Cooper describes “stakeholder capitalism” as "a recognition that every link in the chain that creates and provides goods or services, whether individual or collective, must be appropriately and fairly rewarded."
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Schneider: China's Dominance Over 5G Has Profound National Security Implications
September 06, 2019
In a new paper, Hudson Institute's William Schneider, Jr., explains how China's dominance over the 5G communications system will produce national security-sensitive intelligence relating to the large and growing faction of the world's day-to-day life of individuals, objects, and institutions that will be stored with an electronic footprint.
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UNDP Pursues SDG Impact Practice Standards for Private Equity Funds
September 06, 2019
The United Nations Development Programme has released a draft SDG Impact Practice Standards for Private Equity Funds, a set of standards developed by SDG Impact to guide private fund managers toward investments that advance the Sustainable Development Goals, or SDGs.
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NSF Awards Seek to Combine STEM with UN Development Goals
September 03, 2019
The National Science Foundation (“NSF”) has awarded a grant to Wittenberg University and other colleges to create a Science Technology Engineering and Math (“STEM”) Business curriculum featuring the UN Sustainable Development goals, resulting in a curriculum “that seeks to co-address poverty, equity issues, and environmental challenges, while supporting a thriving economy.”
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Nevins: CEOs Should Assume Responsibility for Responsible Business Practices
August 29, 2019
In light of the Business Roundtable's new definition of the purpose of a company, Mark Nevins warns against a move toward the politics and policies of "collective capitalism," instead calling upon CEOs "to ensure that profitability is achieved in a good, responsible, accountable, and ethical manner and with the best possible outcomes for all stakeholders."
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