Business Roundtable Statement Doesn T Mean Corporations Will Dramatically Change Operations Only Time Will Tell
While the announcement from The Business Roundtable (BRT), a lobbying organization that represents some of the country’s largest corporations, offers a significant redefinition of how corporations view their social role, it currently exists as an aspirational statement rather than a plan of action. On its face, the statement signaled a notable shift and explicitly nodded to corporate social responsibility. Its text conveyed presented a re-calibration away from shareholder primacy that has defined the Business Roundtable’s mission since 1997....