In a widely circulated memo, the 200-member organization reversed itself, writing that “shareholder primacy” is no longer the sole purpose of a corporation. Instead, corporations must include a commitment to “all stakeholders,” which includes customers, employees, suppliers and local communities. Business Roundtable

Business Roundtable announced the release of 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. Business Roundtable

We share a fundamental commitment to all of our stakeholders. We commit to: delivering value to our customers; investing in our employees; dealing fairly and ethically with our suppliers; supporting the communities in which we work; generating long-term value for shareholders. Business Roundtable