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This article written by CASE Faculty Director Cathy Clark, tackles what do America's CEOs want to change about corporate governance.
Clark shares what the Business Roundtable, a lobbying group composed of the nation's leading CEOs, have released in a new Statement on the Purpose of a Corporation signed by 181 CEOs.
Clark highlights the key ideas in the release including: 1) The purpose of a corporation in the US is to promote an economy that serves all Americans; 2) US CEOs should move away from the notion that the sole purpose of business is to maximize profits for shareholders; and 3) Businesses share a fundamental commitment to serve all of their stakeholders.
There has been a big reaction to the release and Clark has observed interpretations on two opposite poles: The Air Traffic Control group and The Show Us the Money group. Clark also shares a brief guide to some actions being proposed.
If the companies do take the actions to make their intentions real, Clark says that, truthfully, "we won't know unless they start measuring and reporting on the impact they are having on other stakeholders."
Selected Grant News Headlines
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Foundation: Community Foundation of Broward
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Penn State's College of Agricultural Sciences recently honored three of its alumni with 2024 Outstanding Alumni Awards.Vijay Nandula, of Overland Park, Kansas, was this year's recipient of the...more
If you're looking for a way to boost your community's sense of place, researchers at Gustavson University in Sweden have just the thing. They've developed a set of five principles that community...more
Foundation: Changemakers
The US may be the world's top emitter of carbon dioxide, but the European Union is No. 1 when it comes to researching and developing green technologies. In fact, the EU is No. 1 when it...more
When Brazil takes over the presidency of the G20 in 2024, it will be the first country to do so from the developing world. But a new report from the Chatham House think tank warns that Brazil...more
When Josh Fryday joined the California Service Corps as a 17-year-old high school senior, he never imagined he'd end up as the state's chief service officer. But that's about to change. The...more
Google has a new privacy-related headache to deal with: its own self-driving car. In a blog post, the company explains that it plans to start testing its own self-driving car in the US next year,...more
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