Business Roundtable (BRT) releases “Business Roundtable Redefines the Purpose of a Corporation to Promote ‘An Economy That Serves All Americans’” on August 19, 2019. This news release announces “a new “Statement on the Purpose of a Corporation” [which was] signed by 181 CEOs who commit to lead their companies for the benefit of all stakeholders – customers, employees, suppliers, communities and shareholders …”.
According to the new Statement: “Americans deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity. We believe the free-market system is the best means of generating good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunity for all.”. BRT members commit to: “Delivering value to our customers … Investing in our employees … Dealing fairly and ethically with our suppliers … Supporting the communities in which we work … [and] Generating long-term value for shareholders.”