Corporations are expanding their performance to both financial
economic performance (ESP) and non-financial environmental,
ethical, social and governance (EESG) sustainability performance to
effectively achieve their objective of creating shared value for
all stakeholders. Companies are now adopting the mission of
profit-with purpose by shifting their goals to create shareholder
value while fulfilling their social, environmental and governance
responsibilities. Management play an important role in pursuing the
mission of profit-with purpose and in integrating business
sustainability into corporate culture, business environment and
strategic plans and decisions. Corporations can create a right
balance between the wealth-maximization for shareholders under the
shareholder primacy concept while achieving the
welfare-maximization for all stakeholders under the stakeholder
primacy concept. The global move toward the adoption of benefit
corporations and profit-with-purpose companies is inevitable as
sustainability initiatives are being integrated into corporate
strategies, supply chain, decisions, actions, and performance.
Business Sustainability: Profit-with-Purpose Focus consists of four
chapters covering all aspects of business sustainability with a
keen focus on the concept of profit-with purpose. Anyone who is
involved with business sustainability and corporate governance, the
financial reporting process, investment decisions, legal and
financial advising, audit functions, and corporate governance
education will be interested in this book. Specifically,
corporations, their executives and the boards of directors,
internal and external auditors, accountants, lawyers, lawmakers,
regulators, standard-setters, investors, business schools, and
other professionals will benefit from this book.
General
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