The Fourth Stakeholder: Balancing Competing Stakeholder Interests

The Fourth Stakeholder

Balancing Competing Stakeholder Interests

Featuring

Victor Cho

Board Member & Former CEO, Evite

April 5, 2023

10:00 am PT

Stakeholder Orientation is a key part of any Conscious Capitalist’s business, but at times stakeholders can have competing interests. Finding alignment and creating the perfect balance is a delicate task. During this process it’s important to consider the immediate first-order impacts of a decision, the long-term second-order impacts, and how each affects all stakeholders.

At this Virtual Gathering, Victor Cho, board member and former CEO of Evite, will share his framework of the "Fourth Stakeholder", which he defines as broader society, which must be considered along with the other three (customers, employees, and shareholders). Victor will explore how this framework can be used to evaluate whether a company is a net positive for society and discuss how to strike a balance between competing stakeholder interests to drive employee engagement and retention while still delivering results to shareholders.