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

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On ABP News’ India vs Corona 2.0 e-conclave, Mr. Rajeev Chaba (President and Managing Director – MG Motors) revealed how company India is lending a serving to hand to the neighborhood within the combat in opposition to COVID-19 by the dint of their CSR initiatives. 

Highlighting the significance of stakeholder communication, Mr. Chaba stated, “Corporate India has improved their involvement in the society. Now, the focus is moving from shareholder value to a stakeholder-focused model.” He additional revealed how the management workforce of M.G. Motors made positive that no layoffs have been made and the salaries of all staff have been paid on time.

ABP News initiated this particular conclave to grasp the impression of COVID-19 on completely different sectors and communities, whereas additionally inspecting the methods during which Indian companies have addressed this impression. Through a collection of conversations with the people who find themselves main the combat in opposition to Covid-19, the second version of India vs Corona E-Conclave checked out how companies are combating the disaster with compassion and innovation. 

Speaking on the conclave, Mr. Rajeev Chaba stated, “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 numerous pertinent themes like ‘Tackling Adversity With Innovation’ which concerned conversations round enterprise methods and improvements adopted by firms to deal with the impression of the COVID-19 disaster on their group, in addition to the bigger society. Various leaders threw gentle on how firms are placing humanity at par with, if not above profitability. 



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