Firm Commitment
Why the corporation is failing us and how to restore trust in it
by:
Colin Mayer
in:
Economics
Summary:
The book examines the historical evolution of corporations and their role in society, arguing that they have strayed from their original purpose of serving the public interest. It proposes a framework for reforming corporate governance and structure to rebuild public trust and align business practices with long-term societal well-being.
Key points:
1. Corporation Purpose: Mayer believes corporations should aim to profitably solve societal and environmental issues, not just focus on shareholder profits. They need a purpose that benefits society.
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