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    • Image courtesy of bloomberg.com

      bloomberg.com

      • Led by JPMorgan Chase & Co CEO Jamie Dimon, the group released a statement yesterday suggesting that corporations should no longer focus solely on generating profits for shareholders when making decisions, but should consider “all stakeholders,” which includes considering how their actions will impact their employees and the greater community.
      finance.yahoo.com/news/everyone-saying-roundtable-statement-200938876.html

      What is the Business Roundtable, and Why is Everyone Talking ...

  2. corpgov.law.harvard.edu › 2019/09/26 › analysis-ofAnalysis of the Business Roundtable Statement

    Sep 26, 2019 · The Business Roundtable recently issued a much commented upon Statement on the Purpose of a Corporation (the “Statement”). 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.

  3. hbr.org › 2019 › 08Is the Business Roundtable Statement Just Empty Rhetoric?

    Aug 30, 2019 · Summary. To understand why the Business Roundtable statement on corporate purpose matters and what actually will (or won’t) change about shareholder capitalism, three points and a question are...

  4. fortune.com › 2020/08/19 › business-roundtableBusiness Roundtable: Its statement of purpose is crucial ...

    Aug 19, 2020 · Koron—Getty Images. Last August, nearly 200 of the world’s top business executives announced a new purpose for their corporations. Maximizing returns for shareholders would no longer be the...

    • Richard C. Shadyac Jr.

  5. corpgov.law.harvard.edu › 2020/09/17 › the-friedmanThe Friedman Essay and the True Purpose of the Business ...

    Sep 17, 2020 · In an article entitled The Illusory Promise of Stakeholder Governance, Lucian Bebchuk and Roberto Tallarita of the Harvard Law School called the Business Roundtable embrace of stakeholder governance naïve and marshalled a litany of empirical, historical and human greed arguments in derogation of stakeholder governance. As might be expected ...

  6. www.promarket.org › 2021/09/13 › business-roundtableTwo years later: the Business Roundtable statement points in ...

    Sep 13, 2021 · The 2019 Business Roundtable statement helps remove an excuse that corporations have had over the last few decades for behaving badly.

    • Margaret Blair

  7. jcl.law.uiowa.edu › sites › jclMaking Sense of the Business Roundtable’s Reversal on ...

    In August 2019, the Business Roundtable (BRT) issued a statement on the purpose of the corporation in which it reversed a longstanding position. 1 Since 1978, the BRT has periodically issued statements on Principles of Corporate Governance, which purport to

  8. hbr.org › 2024 › 08The Business Roundtable’s Stakeholder Pledge, Five Years Later

    Aug 19, 2024 · When the Business Roundtable issued its new statement on corporate purpose in August 2019, it brought to a head the long-standing debate between shareholder capitalism and stakeholder...