‘We Are Witnessing A Shift From Shareholder Value To A Stakeholder-Focused Model’: Rajeev Chaba At ABP News’ E-Conclave

On ABP News’ India vs Corona 2.0 e-conclave, Mr. Rajeev Chaba (President and Managing Director – MG Motors) revealed how corporate India is lending a helping hand to the community in the fight against COVID-19 by the dint of their CSR initiatives. 

Highlighting the importance of stakeholder communication, Mr. Chaba said, “Corporate India has improved their involvement in the society. Now, the focus is moving from shareholder value to a stakeholder-focused model.” He further revealed how the leadership team of M.G. Motors made sure that no layoffs were made and the salaries of all employees were paid on time.

ABP News initiated this special conclave to understand the impact of COVID-19 on different sectors and communities, while also examining the ways in which Indian businesses have addressed this impact. Through a series of conversations with the people who are leading the fight against Covid-19, the second edition of India vs Corona E-Conclave looked at how businesses are combating the crisis with compassion and innovation. 

Speaking on the conclave, Mr. Rajeev Chaba said, “In terms of community support, we provided 200 beds for COVID-19 patients. We helped a firm in Gujarat increase their production of medical oxygen. In addition to this, we provided ventilators, ambulances, and vehicles to help doctors, medical staff, and police amid the lockdown.”
Apart from this, the conclave delved into various pertinent themes like ‘Tackling Adversity With Innovation’ which involved conversations around business strategies and innovations adopted by companies to tackle the impact of the COVID-19 crisis on their organization, as well as the larger society. Various leaders threw light on how companies are putting humanity at par with, if not above profitability.