In this seminar, Professor Bhagat will explore the evolving role of corporations in society. He will examine the shift from the traditional model of shareholder primacy, focused on maximizing long-term shareholder value, to the more recent stakeholderism approach advocated by the Business Roundtable, which expands corporate responsibility to a broader set of stakeholders including employees, customers, suppliers, and communities. Professor Bhagat will discuss the internal inconsistencies and governance challenges inherent in this paradigm shift and offer insights on its implications for corporate accountability and long-term value creation.

Speaker Bio:
Sanjai Bhagat is Professor of Finance at the University of Colorado at Boulder. He has previously held positions at the U.S. Securities and Exchange Commission, Princeton University, and the University of Chicago. His research has been widely published in top-tier Finance and Law journals, and he serves on multiple corporate and nonprofit boards. A sought-after speaker, Dr. Bhagat advises institutional investors, corporate boards, and government agencies on corporate finance and governance issues.