Stakeholder Capitalism and Purpose-Driven Leadership Training Course: Aligning Board Actions with Stakeholder Value and Societal Impact

In an era of increasing societal scrutiny and interconnected global challenges, traditional shareholder primacy is giving way to a more expansive model of corporate responsibility: stakeholder capitalism. This paradigm shift compels boards of directors to consider the interests of a broader set of stakeholders – including employees, customers, suppliers, communities, and the environment – alongside shareholders, recognizing that long-term value creation is inextricably linked to positive societal impact. This 5-day intensive training course is specifically designed to equip board members and senior executives with the strategic understanding and practical tools necessary to transition their organizations towards a purpose-driven model, aligning board actions with comprehensive stakeholder value and fostering sustainable, equitable growth. By embracing this holistic approach, boards can enhance their organization's resilience, reputation, and relevance in a rapidly evolving world.

This comprehensive program delves into the theoretical underpinnings and practical implications of stakeholder capitalism, exploring how boards can embed a clear purpose beyond profit into their governance frameworks, strategic decision-making, and performance measurement. Participants will gain actionable insights into identifying key stakeholders, understanding their diverse needs, and building robust engagement mechanisms. The course emphasizes proactive leadership, empowering boards to champion a culture of shared value creation, ensuring that their organizations not only thrive financially but also contribute meaningfully to a sustainable future, ultimately unlocking new avenues for innovation, talent attraction, and enduring competitive advantage.

Duration: 5 days

Target Audience:

  • Board Members (Executive and Non-Executive)
  • C-Suite Executives (CEO, CFO, CHRO, CSO, General Counsel)
  • Heads of Strategy, Sustainability, Corporate Social Responsibility, and Investor Relations
  • Senior Leaders responsible for corporate purpose and stakeholder engagement
  • Aspiring Board Members

Objectives:

Upon completion of this course, participants will be able to:

  • Understand the core tenets and strategic imperative of stakeholder capitalism.
  • Articulate and embed a clear organizational purpose beyond profit.
  • Identify and prioritize key stakeholders and their legitimate interests.
  • Develop strategies for effective stakeholder engagement and value creation.
  • Align board oversight and performance metrics with a purpose-driven, stakeholder-centric approach.

Course Modules:

  1. Introduction to Stakeholder Capitalism and Purpose-Driven Organizations
  • Defining stakeholder capitalism vs. shareholder primacy.
  • The historical evolution and drivers of this paradigm shift (e.g., societal expectations, climate change, inequality).
  • The business case for purpose: enhanced reputation, talent attraction, innovation, and long-term value.
  • Understanding the concept of "shared value creation."
  • Case studies of pioneering purpose-driven companies and their governance models.
  1. Articulating and Embedding Organizational Purpose
  • The difference between mission, vision, values, and purpose.
  • Facilitating board discussions to define or refine organizational purpose.
  • Embedding purpose into the company's articles of association and governance documents.
  • Communicating purpose effectively to internal and external stakeholders.
  • The role of purpose in guiding strategic decision-making and innovation.
  1. Identifying and Prioritizing Key Stakeholders
  • Mapping the diverse landscape of stakeholders: Employees, customers, suppliers, communities, regulators, investors, environment.
  • Methodologies for stakeholder identification and analysis.
  • Prioritizing stakeholder groups based on salience, legitimacy, and urgency.
  • Understanding the unique needs and expectations of different stakeholder groups.
  • The role of the board in championing a multi-stakeholder perspective.
  1. Strategic Stakeholder Engagement and Relationship Building
  • Best practices in engaging with diverse stakeholder groups effectively.
  • Developing robust mechanisms for listening to and incorporating stakeholder feedback.
  • Building trust and fostering collaborative relationships with key stakeholders.
  • Navigating conflicting stakeholder interests and ethical dilemmas.
  • Case studies of successful stakeholder dialogue and co-creation.
  1. Measuring and Reporting on Stakeholder Value and Societal Impact
  • Moving beyond financial metrics: Identifying relevant ESG and social impact indicators.
  • Developing frameworks for measuring stakeholder value creation (e.g., employee well-being, customer satisfaction, community impact).
  • Integrating stakeholder and purpose-related metrics into corporate performance management.
  • Transparent reporting on stakeholder engagement and societal impact.
  • The role of integrated reporting and other frameworks in communicating holistic value.
  1. Governance Structures for Stakeholder Capitalism
  • Adapting board structures and committee mandates for stakeholder oversight.
  • The role of the board in ensuring accountability to a broader set of stakeholders.
  • Rethinking board composition to include diverse perspectives and stakeholder knowledge.
  • Linking executive compensation to stakeholder outcomes and purpose achievement.
  • Exploring alternative legal structures (e.g., Benefit Corporations, B Corps) and their governance implications.
  1. Purpose-Driven Leadership and Culture
  • The board's role in modeling purpose-driven leadership.
  • Fostering a culture of shared purpose, ethics, and responsibility throughout the organization.
  • Empowering employees to live the purpose and contribute to stakeholder value.
  • Addressing internal resistance to shifting from a purely shareholder-focused mindset.
  • Cultivating a long-term orientation in strategic planning and resource allocation.
  1. Future of Stakeholder Capitalism and Board Leadership
  • Emerging trends in stakeholder activism and regulatory demands.
  • The intersection of stakeholder capitalism with climate action, social justice, and technological ethics.
  • Anticipating future expectations for corporate responsibility and accountability.
  • Boards as catalysts for systemic change and industry transformation.
  • Continuous learning and adaptation for purpose-driven board leadership.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

 

Stakeholder Capitalism And Purpose-driven Leadership Training Course: Aligning Board Actions With Stakeholder Value And Societal Impact in Guinea
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