The Business Roundtable Statement on the Purpose of a Corporation

The Business Roundtable Statement on the Purpose of a Corporation, released in 2019, shifts the focus from prioritizing shareholders alone to recognizing the importance of all stakeholders. This includes employees, customers, suppliers, communities, and the environment. The statement emphasizes that corporations should create value not just for investors, but also for society as a whole. This approach advocates for responsible business practices that consider long-term impacts, fostering trust and sustainability, and ultimately leading to a healthier economy and society. It reflects a broader understanding of the role of businesses in today’s world.