I'd recommend reading about stakeholder capitalism. E.g. "Stakeholder Capitalism: A Global Economy that Works for Progress, People and Planet" written by the founder of the world economic forum.
Maybe read it if you want to understand the current zeitgeist in the world of managers, but I wouldn't look for wisdom in them.
If management is beholden to a bunch of competing groups, then in any given situation they can do whatever they want and justify it by saying “well yeah the shareholders (or whoever) don’t like it, but this is what we need to do for the sake of the employees (or whoever).”
I’d rather have the shareholders in charge than unaccountable management doing whatever they feel like.