Re-Imagining Capitalism Building a Responsible Long-Term Model

Dominic Barton, Global Managing Director, McKinsey & Company, ,Dezso Horvath, Dean and Tanna H Schulich Chair in Strategic Management, Schulich School of Business, York University,Matthias Kipping, Professor of Policy and Chair in Business History, Schulich School of Business, York University

Dominic Barton is the global managing director of McKinsey. Since joining the firm in 1986, Dominic has advised clients in a range of industries, including banking, consumer goods, high tech, and industrial. Before becoming global managing director, Dominic served as McKinsey's chairman in Asia from 2004-09, based in Shanghai, and led McKinsey's office in Korea from 2000-04. Dominic leads McKinsey's work on the future of capitalism, long-term value creation, and the role of business leadership in society. He has authored more than 80 articles on capitalism, leadership, financial-market development, Asia, history, and the issues and opportunities facing global and Asian markets. He is the co-author, with Roberto Newell and Greg Wilson, of Dangerous Markets: Managing in Financial Crises (Wiley & Sons, 2002). His most recent book is China Vignettes: An Inside Look at China (Talisman, 2007).

Dezso J. Horvath is Dean and Tanna H. Schulich Chair in Strategic Management at the Schulich School of Business, York University, where he has been a member of the faculty since 1977. He holds an electrical engineering degree, a Master's degree in Business Administration, and Licentiate and PhD degrees in Management from Sweden. In addition to his role as Dean, Dr. Horvath is a director of a number of companies and organizations and serves on the advisory board of various business schools around the world. He was named 2004 Dean of the Year by the Academy of International Business (AIB), the world's leading association of scholars in the field of international business, in recognition of his "outstanding leadership in various aspects of internationalization, including programs, research and curriculum development, and outreach." In 2008 he was made a Member of the Order of Canada, the country's highest civilian honour, for his academic leadership and sustained commitment to business education.

Matthias Kipping is Professor of Policy, Chair in Business History, and Director of the Kellogg-Schulich Executive MBA program at the Schulich School of Business. He teaches courses on global management in the undergraduate, MBA and Executive MBA programmes. Matthias has degrees from the University of Munich in Germany, the Sorbonne in Paris and Harvard's John F. Kennedy School of Government. He held previous appointments at the University of Reading in the UK and Universitat Pompeu Fabra in Barcelona. His main research interest has been the international transfer of management knowledge, with a particular focus on the role of management consultants and management education - topics on which he has published widely.

1. Re-imagining Capitalism for the Long Term: Situating the Volume, Dominic Barton, Dezso Horvath and Matthias Kipping
Part I. Trailblazing: The Role of Exemplary Leadership
2. Re-establishing Trust: Making Business with Purpose the Purpose of Business, Paul Polman
3. Business and Society: Reshaping Global Systems, Kathleen McLaughlin and Doug McMillon
4. Family Firms and "Patient Capital": Thinking in Decades, not Quarters, Galen G. Weston
5. Cooperatives: Stakeholder-oriented by Design, Long-term Focused by Necessity, Monique Leroux
6. Corporate Community Involvement in the 21st Century, Ratan N. Tata (with Dirk Matten)
7. Broad: The Gifts of Breadth in a World Sold on Depth, Nick Lovegrove and Matthew Thomas
Part II. Engaging: Broader Views for a Better Capitalism
8. Understanding and Misunderstanding the Triumph of Capitalism, John Kay
9. Engagement Required: The Changing Role of the Corporation in Society, Andrew Crane and Dirk Matten
10. Responsible Capitalism: Business for the 21st Century, R. Edward Freeman, Bidhan L. Parmar, and Kirsten M. Martin
11. Being Good and Doing Well: Not as Easy as You Think, Bryan W. Husted
12. 'Maximizing Shareholder Value' is an Unnecessary and Unworkable Corporate Objective, Lynn Stout
13. Narrowcasting: How Media and Political Disruption Changed the Economic Debate, John Stackhouse
Part III. Advancing: Suggestions for the Ways Forward
14. Imagining a Sustainable Financial System, Simon Zadek
15. Integrated Reporting for a Re-Imagined Capitalism, Robert G. Eccles and Birgit Spiesshofer
16. Reasonable Expectations and Fiduciary Obligations: Legal Pathways to Longer-term Thinking, Edward Waitzer and Douglas Sarro
17. Corporate Social Responsibility: The Case for Active Ownership by Institutional Investors, Gordon L. Clark and Michael Viehs
18. Building the Right Long-term Approach: The Power of Aligning Leadership, Strategy, and Execution, Bruce Simpson and Tiffany Vogel
19. A New Way of Thinking About Resource Development: A Values-Based Approach, Richard A. Ross and D. Eleanor Westney
20. Restoring the Capitalist Promise: Opportunities in the U.S. Youth Labor Market, Shawn Bohen and Gerald Chertavian
Conclusion
21. Capitalism Re-imagined, Dezso Horvath and Dominic Barton