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Business Roundtable: Corporate Purpose Goes Beyond Shareholder Profits

Business perspectives appear to be shifting

The Business Roundtable counts among its members some of the most prominent figures in corporate America—major CEOs of some of the world’s biggest companies. This week, nearly 200 of these top executives signed onto what the organization is calling “a modern standard for corporate responsibility.”

On Monday, the group released an official “Statement on the Purpose of a Corporation” that shifts away from the traditional view that corporations exist primarily to maximize shareholder value and toward a vision of serving all stakeholders, including employees, suppliers and customers.

“While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders,” the statement says.

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