{"id":1113,"date":"2019-08-22T07:45:52","date_gmt":"2019-08-22T06:45:52","guid":{"rendered":"https:\/\/stefan.schleicher.at\/?p=1113"},"modified":"2019-08-22T07:45:52","modified_gmt":"2019-08-22T06:45:52","slug":"stakeholder-capitalism-will-fail-if-its-just-talk-companies-will-have-to-prove-theyre-committed-to-goals-beyond-maximizing-shareholder-value","status":"publish","type":"post","link":"https:\/\/stefan.schleicher.at\/index.php\/2019\/08\/22\/stakeholder-capitalism-will-fail-if-its-just-talk-companies-will-have-to-prove-theyre-committed-to-goals-beyond-maximizing-shareholder-value\/","title":{"rendered":"Stakeholder Capitalism Will Fail If It\u2019s Just Talk &#8211; Companies will have to prove they\u2019re committed to goals beyond maximizing shareholder value"},"content":{"rendered":"\n<p> In a widely circulated <a rel=\"noreferrer noopener\" href=\"https:\/\/www.businessroundtable.org\/business-roundtable-redefines-the-purpose-of-a-corporation-to-promote-an-economy-that-serves-all-americans\" target=\"_blank\">memo<\/a>,  the 200-member organization reversed itself, writing that &#8220;shareholder  primacy\u201d is no longer the sole purpose of a corporation. Instead,  corporations must include a commitment to \u201call stakeholders,\u201d which  includes customers, employees, suppliers and local communities. <a href=\"https:\/\/www.bloomberg.com\/opinion\/articles\/2019-08-21\/business-roundtable-shareholder-primacy-shift-judged-by-actions\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Business Roundtable (opens in a new tab)\">Business Roundtable<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a widely circulated memo, the 200-member organization reversed itself, writing that &#8220;shareholder primacy\u201d is no longer the sole purpose of a corporation. Instead, corporations must include a commitment to \u201call stakeholders,\u201d which includes customers, employees, suppliers and local communities. Business Roundtable<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,12],"tags":[],"class_list":["post-1113","post","type-post","status-publish","format-standard","hentry","category-economics","category-politics"],"_links":{"self":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts\/1113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/comments?post=1113"}],"version-history":[{"count":1,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts\/1113\/revisions"}],"predecessor-version":[{"id":1114,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/posts\/1113\/revisions\/1114"}],"wp:attachment":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/media?parent=1113"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/categories?post=1113"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/tags?post=1113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}