Redefined Purpose of a Corporation: Welcoming the Debate

August 25, 2019

The new Business Roundtable Statement on the Purpose of a Corporation has received a great deal of support, as well as questions and criticisms. We’ve welcomed the debate and the opportunity to engage both supporters and critics

There’s no more challenging issue for our country than how to preserve our free market system while ensuring that the benefits of capitalism flow to every American. These challenges will occupy us for some time to come, but we believe our new Statement will give companies a stronger framework for doing their part to address them.

In developing the Statement, we spoke with experts in corporate governance, business leaders, economists and academics from across the ideological spectrum. As we look forward to continuing these discussions, we thought we’d take on some of the key questions and criticisms we’ve heard this week.

Read the full blog post here: