In the six years since the first Fortune Change the World list was published, and particularly over the past 18 months, there have been increased calls for the world to reimagine capitalism and for companies to embrace stakeholder capitalism. As we look at this year’s list, we are thrilled to see so many companies of all sizes and from around the globe doing just that, to tackle some of the biggest challenges the world has faced—the climate crisis, growing inequality and wealth disparity, inequitable access to health care, and long-rooted systemic racism and bias.

But we can’t talk about changing capitalism without considering “power.” Defined in the Cambridge Dictionary as “the ability to control people or things”, power within a company is assumed to be the province of the CEO, the C-suite, possibly the board, or large blocks of shareholders. As such, the idea of power, who holds it and who does not is something that is ever-present but rarely named explicitly in our discussions of the role of business in society.

It is hard to say why people are so uncomfortable talking about power and power dynamics. In their recently published book, Power for All, Julie Battilana and Tiziana Casciaro posit that most people have deep-seated misconceptions about power and identify three fallacies that get in the way of grasping and exercising power: 1) the belief that power is a thing individuals possess, and that select people have special traits that enable them to acquire it; 2) the belief that power is positional; 3) the belief that power is dirty.

Read the full article about reimagining power dynamics by Alicia Dunn and Victor Tavarez at FSG.