
Colin Mayer
A visionary guide to reinventing business for the greater good, challenging shareholder primacy and advancing purposeful capitalism.
Colin Mayer was the first professor at Oxford's Saïd Business School and played a key role in shaping modern corporate governance research.
Section 1
9 Sections
Let us begin our journey with a gentle breath, as dawn breaks over a world in search of meaning.
Yet, in recent decades, a shadow has crept over this vision. The doctrine of maximizing shareholder value—a creed less than half a century old—has come to dominate boardrooms and business schools. It whispers that the only duty of a corporation is to its owners, and that profit is the highest good. But let us pause and ask: is this the world we wish to inhabit?
In this section, we gently unpick the myth that profit alone defines prosperity. We see that the corporation, at its best, is a creator of wealth for all—a provider of jobs, innovations, and hope. But when its purpose is narrowed to profit, it becomes a source of division and decline. The book shares stories of companies that have lost their way, chasing short-term gains at the expense of trust and sustainability. Yet, it also offers hope, showing that when businesses rediscover their purpose, they can heal communities and restore faith in the future.
As we close this opening chapter, let us carry forward the idea that prosperity is a journey, not a destination—a path we walk together, guided by purpose and care for one another. In the next section, we will explore how values and integrity breathe life into this journey, turning purpose into action and trust into lasting change.
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