JFL

Jan. 20, 2020

The ESG Files : Redefining the Purpose of a Corporation

In August 2019, 181 members of the Business Roundtable – a Washington, D.C.-based lobby group consisting of CEOs of the world’s most influential corporations – updated its Statement on the Purpose of a Corporation, for the first time acknowledging that business decisions should deliver value not just for shareholders, but for all stakeholders, including customers, employees, suppliers, communities and the environment. Reaction has run the gamut from applause to skepticism.

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