Stakeholder versus shareholder capitalism: The great debate

Stakeholder versus shareholder capitalism: The great debate

Colin Mayer, Lucian Bebchuk, Renee Adams

July 02 2020

Professor A. Lucian Bebchuk of the Harvard Law School and Professor Colin Mayer, CBE of Saïd Business School, Oxford debate one of the great controversies in business today – should it be governed and run for shareholder or stakeholder interests? 

Following the Business Roundtable declaration on the purpose of the corporation in August of last year, the shareholder primacy view of the firm has been thrown into question around the world.  Should it be or should it remain as the dominant concept of the firm?  

Professors Bebchuk and Mayer have written extensively on this topic from different perspectives. Professor Renee B Adams of Saïd Business School chairs an enthralling and informative debate.

This debate was part of the series Leaderhip in Extraordinary Times created by Saïd Business School, Oxford

Working Papers

Shareholderism versus Stakeholderism – A Misconceived Contradiction. A Comment on “The Illusory Promise of Stakeholder Governance” by Lucian Bebchuk and Roberto Tallarita

The Illusory Promise of Stakeholder Governance

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