Support Legislation for Stakeholder Governance and Economic Inclusivity

The current corporate governance model, with its focus on maximizing shareholder value, has contributed to economic inequality and short-termism, neglecting other stakeholders. A shift towards stakeholder governance is necessary. This can be achieved through legislative reforms such as making boards accountable to all stakeholders, requiring corporations to contribute positively to society, ensuring representation of multiple stakeholders on boards, and mandating large corporations to charter federally. This approach, which has been successful in international models, can lead to a more inclusive and prosperous economy. Therefore, it is crucial to support legislation that promotes stakeholder governance and rebalances power among stakeholders.