A New Start or Business as Usual?

Abstract

How serious are America’s CEOs in affirming commitment to stakeholders over shareholders?

Publication
Carey Business Magazine

Citation

Myers, C.G. (2019, December). A new start or business as usual? Carey Business, Fall 2019.

Summary

How serious are America’s CEOs in affirming commitment to stakeholders over shareholders?

In August, members of the Business Roundtable – an association of the CEOs of some of America’s largest companies – issued a revised “Statement on the Purpose of a Corporation.” Departing from the shareholder primacy perspective the group has endorsed since 1997, this new statement emphasized the need for corporate responsibility to all stakeholders, including not only financial shareholders but also customers, employees, suppliers, and communities. …Continue Reading