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News Digests

Stay abreast of what’s happening internationally with developments in corporate public affairs. Here is news that you may find useful and interesting:

Group of US Corporate Leaders Ditches Shareholder-First MantraND

Richard Henderson & Patrick Temple-West, Financial Times, Monday 19th August 2019

The Business Roundtable is one of the largest and most influential business groups in the United States and it includes CEOs from JP Morgan, Amazon, General Motors and Apple. In a new statement released this week on the Purpose of a Corporation, the Business Roundtable dropped the “shareholder primacy” ideology that has driven corporations for over 50 years. The statement includes a more complete view of corporate purpose as the range of stakeholders now include employees, customers, suppliers and communities. Mohamed El-Erian, chief economic adviser for Allianz said, “it reflects an emerging consensus about the importance of more inclusive capitalism.”

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