‘World War II was a time of great crisis and hardship, which forged a sense of solidarity that helped pull ravaged communities together. "To a certain extent, we are in a similar situation today...we went through a major crisis, which affected everybody in the world," says the founder and executive chairman of the World Economic Forum (WEF).
‘He is also here for the launch of his new book, Stakeholder Capitalism: A Global Economy That Works For Progress, People And Planet, which he has written with a WEF colleague, Mr Peter Vanham...
‘Indeed the stakeholder concept has featured prominently in his work since the 1973 Davos Manifesto, which set out the role of business managements to "serve clients, shareholders, workers and employees, as well as societies, and to harmonise the different interests of the stakeholders".
‘It is a theme he delves into deeper in his new book. "The idea that we need to rebuild differently post-Covid is widely shared. The sudden and all-encompassing impact of Covid-19 made us understand, much more than the gradual effects of climate change or increasing inequality, that an economic system driven by selfish and short-term interests is not sustainable...’
Read here (Straits Times, Feb 10, 2021)
