2019 Survey On Shareholder Versus Stakeholder Interests

2019 Survey On Shareholder Versus Stakeholder Interests

By
David F. Larcker, Brian Tayan, Vinay Trivedi, Owen Wurzbacher
CGRI Survey Series. Corporate Governance Research Initiative, Stanford Rock Center for Corporate Governance, July
2019

In spring 2019, the Rock Center for Corporate Governance at Stanford University surveyed 209 CEOs and CFOs of companies included in the S&P 1500 Index to understand the role that stakeholder interests play in long-term corporate planning.

Key Findings:

  • CEOs are divided on whether stakeholder initiatives are a cost or benefit to the company.
  • Companies tout their efforts but believe the public doesn’t understand them.
  • Institutional investors, such as Blackrock, advocate for companies to play a more central role, but have little impact.