April 2026
Intermediate
6 pages
14m
English
article
Why Business Leaders Need to Champion Democracy
by Julie Battilana, Lakshmi Ramarajan, Matthew Lee, Vincent Pons
Content preview from Why Business Leaders Need to Champion Democracy
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Why Business Leaders Need to Champion Democracy
Democracy is in decline globally. Business has a considerable — and rational — stake in stopping rising authoritarianism.
Democracy is in decline across the world. More countries are experiencing erosion of political rights and civil liberties than gains, according to Freedom House. As of 2025, 92 countries, representing 74% of the world’s population, were classified as autocracies by the V-Dem Institute.
Democratic backsliding is a primary concern for business leaders, who largely agree on the importance of strong democratic institutions. In a 2022 survey by Morning Consult and the Business and Democracy Initiative, 96% ...
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