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Alex Todd’s Comment on: Capitalism is Dead. Long Live Capitalism. by Gary Hamel

Alex Todd’s Comment on:  Capitalism is Dead. Long Live Capitalism. by Gary Hamel

Thank you for pointing out the elephant in our economy.  Our economic system of choice, capitalism, is evolving.  It is my hope, as it is yours, that its evolution will see it mature toward more aspirational levels of Maslow’s Hierarchy of Needs rather than slipping back toward its more primal origins.I believe we need to engage boards of directors and institutional investors to revisit their understanding of the nature of the corporation and their respective roles in helping to create a desired future.  I wrote about this in a chapter (Chapter 4: Corporate Governance Best Practices) I contributed to the newly released Kolb Series in Finance textbook “Corporate Governance: A Synthesis of Theory, Research, and Practice“, published by John Wiley & Sons.  I introduce the concept of aspirational corporate governance (ACG) to help governance committees of boards diagnose and design corporate governance structures and practices appropriate for the complexities of sustaining a self-regulating system of governance.  ACG allows organizations to adapt through innovation to create new possibilities for delivering value in a complex, uncertain world.

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