On August 19, 2019, the Business Roundtable made waves in the business press and the media in general with this press release. The key paragraph reads: Since 1978, Business Roundtable has periodically issued Principles of Corporate Governance. Each version of the document issued since 1997 has endorsed principles of shareholder primacy – that corporations exist principally to serve shareholders. With today’s announcement, the new Statement supersedes previous statements and outlines a modern standard for corporate responsibility. The full “Statement on the Purpose of a Corporation” is quoted below. Americans deserve an economy that allows each person to succeed through hard… Read More
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