The purpose of the corporation

The purpose of the corporation

The idea that a business's only objective is to make money is now behind us. Success in business from now on is defined as making money while improving lives and the planet. In this video, Sir Ronald delves deeper into the role of the corporation in ensuring this change.
Overview

The idea that a businesses only objective is making money is now behind us. Success in business from now on is defined as making money while improving lives and the planet. In this video, we delve deeper into the role of the corporation in ensuring this change.

Key learning objectives:

  • Explain how the role of companies will have to change to embrace impact

  • Give real world examples of how companies are better delivering impact

  • Answer why companies will have to provide better transparency through accounting

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Summary
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Expert
Sir Ronald Cohen

Sir Ronald Cohen

Sir Ronald Cohen is the Chairman of the Global Steering Group for Impact Investment, the Impact-Weighted Accounts Initiative at Harvard Business School and The Portland Trust. At the start of his career, he co-founded the private equity firm Apax Partners. In 2020, he wrote the bestselling book “Impact: Reshaping capitalism to drive real change”. Considered the Father of Social Investment, in 2012 he received the Rockefeller Foundation’s Innovation Award for innovation in social finance.

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