Diversity and Sustainability in Corporate Governance

The video discusses the shift in business models towards stakeholder capitalism, emphasizing the need to serve all stakeholders, including employees, investors, and the environment. It highlights the challenges in implementing these changes, the role of corporate governance, and the importance of setting measurable sustainability goals. The video also stresses the significance of suppliers and partnerships, and the need for companies to address customer needs responsibly.

What is the primary challenge when companies aim to serve all stakeholders?

• Balancing diverse needs and perspectives

• Reducing employee wages

• Expanding global markets

• Increasing shareholder profits

What analogy is used to describe the complexity of serving multiple stakeholders?

• Running a marathon

• Raising a family with multiple children

• Managing a large corporation

• Building a house

Why is it important to have diverse board members in corporate governance?

• To comply with legal requirements

• To reduce operational costs

• To represent the diversity of stakeholders

• To increase company profits

What lesson can corporate boards learn from the nonprofit world?

• Incorporating diverse skills and experiences

• Hiring more employees

• Focusing on profit maximization

• Reducing operational costs

What is a key factor for achieving sustainability goals according to the video?

• Focusing solely on profit margins

• Setting long-term, vague goals

• Appointing a chief sustainability officer

• Establishing concrete, measurable steps

What is the significance of linking environmental targets to employee bonuses?

• It ensures accountability and progress

• It simplifies goal setting

• It increases company profits

• It reduces employee turnover

How did BHP Billiton encourage gender balance among its suppliers?

• By increasing product prices

• By offering financial incentives

• By providing training and technology

• By reducing supplier contracts

How did Kal Tire and BHP Billiton increase female participation in a demanding job?

• By developing a mechanical arm

• By reducing working hours

• By increasing salaries

• By lowering job requirements

What is a potential risk when companies focus only on short-term customer desires?

• Increasing production costs

• Ignoring long-term customer needs

• Reducing market competition

• Decreasing product quality

What change did Nestle make to adapt to consumer health trends?

• Reduced product variety

• Increased portion sizes

• Reduced sugar in cereals

• Increased sugar in cereals