You’ll explore the role of business in society and discover why it’s crucial to address societal needs beyond financial goals. Taking into consideration the impact of significant events such as the 2008 financial crisis and the Covid-19 pandemic, you’ll also evaluate whether “Business-as-Usual” approaches are still aligned with 21st century challenges.
You’ll learn to broaden your scope of decision-making and will gain a deeper appreciation of the elements of a business model that are suitable for the modern world. The course features insights from prominent business leaders into essential topics such as stakeholder capitalism, the license to operate, and business’ obligations to society.
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Vivek Pathak, Global Head and Director of Climate Business at the International Finance Corporation (IFC), discusses the obligation companies have to their stakeholders and communities to contribute to a redesign and build greater societal resilience.
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Richard Lancaster, Chief Executive Officer of China Light and Power (CLP) Holdings, one of the largest private power producers in the Asia Pacific region, shares his views on the importance of integrating sustainability throughout the organisation, and of viewing it as a business driver rather than a box-ticking exercise.
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Piyush Gupta, who is the Chief Executive Officer of DBS, a Singapore-based leading financial services group in Asia with a presence in 18 markets, discusses shareholder vs. stakeholder primacy, managing externalities, and the trade-offs and incentives required to go beyond “business-as usual” and redesign society.
