2019 Statement on the Purpose of a Corporation

The 2019 Statement on the Purpose of a Corporation emphasizes that companies should serve all stakeholders—shareholders, employees, customers, communities, and the environment—rather than solely maximizing profits for shareholders. It encourages corporations to operate responsibly, ethically, and sustainably, balancing economic success with social and environmental well-being. The goal is to create long-term value by considering the broader impact of business actions, fostering trust and positive relationships, and contributing to societal progress. This approach recognizes that a successful company benefits not only its owners but also society at large.