David Weinstein, Portfolio Manager

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The Business Roundtable’s New Standard for Corporate Responsibility

Posted by David Weinstein, Portfolio Manager on Aug 29, 2019 1:33:18 PM

On Monday, August 19, 2019, the Business Roundtable, a group of chief executive officers from nearly 200 U.S. corporations, issued a statement1 proposing a new definition of the purpose of a corporation. This new vision included heightened corporate responsibilities toward employees, customers, suppliers, communities and the environment, rather than strictly looking to maximize profits and shareholder monetary value. The statement was signed by 181 CEOs including the heads of Apple, JPMorgan Chase and Amazon.

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