‘Most of the people in the world are poor, so if we knew the economics of being poor, we would know much of the economics that really matters.” (Schultz 1980) VOXEU

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