People, Power, and Profit: Convergence of Corporate Governance and Democracy

The corporate populism may be explained in the context of resources alignment of firms to socio-political organizations led by stakeholders (people) by ways of offering building resources and sharing intellectual resources such as think tanks and public relation networks. Most global business corporations today are encouraged by the people to take a position on politically sensitive issues, such as women empowerment, ethnic inclusivity, and economic rights associated with human diversity. This chapter argues that business strategies driving profit in the firm are evolved over the perceptions, experiences, expectation, and returns on investments (PEER) in relation to the corporate leadership, expansion, and growth. Discussion also converges the 3P factors comprising people, power, and profit within the corporate ecosystem of governance following the democratic philosophy. This chapter discusses the role of crowd and collective intelligence in overall governance of firms and decision-making.