bites brand businessCouncil of Institutional Investors Responds to Business Roundtable Statement on Corporate Purpose.

logoOn Monday 19th August 2019, the Business Roundtable published a new Statement on the Purpose of a Corporation signed by 181 CEOs who commit to lead their companies for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders.

ceos jpmorgan ceo chase goals shareholders capitalism strong should welcome business ethicsThe Business Roundtable is an industry grouping of CEO’s from major and influential U.S. corporations.

The Business Roundtable, the organization for chief executive officers of large U.S. corporations, got a lot of attention last month with its revised “Statement on the Purpose of a … The new Business Roundtable Statement on the Purpose of a Corporation has received a great deal of support, as well as questions and … The Business Roundtable has endorsed stakeholder capitalism in its highly publicized Statement on the Purpose of a Corporation. The Business Roundtable has endorsed stakeholder capitalism in its highly publicized Statement on the Purpose of a Corporation. The Statement purports to redefine the purpose of a corporation as a commitment to all of its stakeholders, including customers, employees, suppliers, communities and, finally, shareholders. The Business Roundtable's new "Statement on the Purpose of a Corporation" received a lot of positive press. Since 1978, this organization has periodically issued what is termed: Statement On The Purpose of a Corporation.A new revision that has now been announced has made business and general media headlines across the U.S. with the principle headline being that major U.S. … We believe the free-market system is the best means of generating good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunity for all. The Statement of Purpose breaks from what has long been the dominant model in the United States, which conceptualizes a corporation’s sole or primary purpose to be that of maximizing shareholder value. Read the Business Roundtable’s new policy statement in full: Statement on the Purpose of a Corporation Americans deserve an economy that … You report that the Business Roundtable recently issued a statement on the purpose … On August 19 th , 2019, the Business Roundtable (BR) issued a memo entitled “Statement on the Purpose of a Corporation.” The Business Roundtable, one of the most preeminent business lobbies in the United States, includes 192 CEOs of leading U.S. companies … Such statements of purpose, he said, have to go “beyond nice words. The Statement of Purpose breaks from what has long been the dominant model in the United States, which conceptualizes a corporation’s sole or primary purpose to be that of maximizing shareholder value. The Business Roundtable Statement on the Purpose of a Corporation is below and the full list of signatories is available here. Washington, D.C., August 19, 2019 —The Council of Institutional Investors (CII) today expressed concern on a new Business Roundtable (BRT) statement on the purpose of a corporation. The Business Roundtable (BRT) is a non-profit association based in Washington, D.C. whose members are chief executive officers of major U.S. companies. Statement on the Purpose of a Corporation Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity. That's surprising, because its take on corporate sustainability is insufficient and outdated. The essence of the BRT’s simple one-page statement … To the Editor: Re “Feeling Heat, C.E.O.s Pledge New Priorities” (front page, Aug. 20):. Statement on the Purpose of a Corporation Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity. Into this environment, the Business Roundtable, the CEOs of many of America’s largest companies recently issued a statement fundamentally changing its view of the basic purpose of U.S. corporations. But the new statement says the group is “modernizing” its approach out of concern for “struggling” Americans. The Business Roundtable has endorsed stakeholder capitalism in its highly publicized Statement on the Purpose of a Corporation.