On the 2019 Business Roundtable “Statement on the Purpose of a Corporation”
Abstract
The Business Roundtable, a large group of top CEOs, recently issued a statement defining the purpose of the corporation in stakeholder terms, a direct and intended reversal from an earlier statement that defined the duty of directors as serving the interests of stockholders. In this editorial, we briefly describe the major twists and turns in the stockholders-versus-stakeholders debate that make this statement so significant to management theory...
Paper Details
Title
On the 2019 Business Roundtable “Statement on the Purpose of a Corporation”
Published Date
Dec 17, 2019
Journal
Volume
46
Issue
7
Pages
1223 - 1237
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