The business community’s response to the Russian invasion of Ukraine is a dramatic example of stakeholder capitalism in action. Their decisive withdrawal from Russia isn’t just a response to price signals or market pressures. It’s the institutional expression of moral outrage. It’s also a recognition that every company is a community of people–and that to thrive the company must reflect in its actions the values of the people who create and sustain it. The SEC’s recent proposals on disclosure regarding cybersecurity and environmental risks are also powerful indicators that the push for business to integrate stakeholder values on environmental, social,...
