New capitalism is the new normal, says SID chairman
The drive is for a more altruistic capitalism that meets the needs of all stakeholders. MICHELLE QUAH reports
BUSINESSES and their boards will have to get used to a new normal, says Singapore Institute of Directors (SID) chairman Willie Cheng, as the world welcomes the advent of a new form of capitalism.
"New capitalism" - the basis for the theme of the SID Directors' Conference 2014 on Wednesday this week at Marina Bay Sands - can be loosely described as a more altruistic form of traditional capitalism: one that isn't just focused on maximising shareholder value for a business but on meeting the needs of all its stakeholders.
Speaking to The Business Times on this developm…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Swiss watch exports plunge as China and Hong Kong demand dries up
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips
BP reshapes its leadership team as some executives leave company
Deliveroo returns to order growth on strong international demand
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Danone beats Q1 sales forecasts, keeps 2024 goals