This document summarizes a presentation given by Sofus Midtgaard on rebuilding leadership and business for the 21st century. Midtgaard argues that we are facing serious social, moral, and institutional challenges and that too much management thinking is still rooted in the industrial revolution. He advocates for more open, transparent, social, and sustainable organizations that engage employees and customers in co-creation. LeaderLab helps leaders and companies transform into more open and engaging organizations for the 21st century.