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National Business Roundtable Highlights Corporate Responsibility in Statement from 181 CEOs

The National Business Roundtable (BRT) recently released a Statement on the Purpose of a Corporation signed by 181 of its CEO members. The statement “outlines a modern standard for corporate responsibility” and a commitment from the CEOs to “lead their companies for the benefit of all stakeholders—customers, employees, suppliers, communities and shareholders.” The statement moves away from shareholder primacy, and includes commitments to all stakeholders, such as: delivering value to customers; investing in employees; dealing fairly and ethically with suppliers; supporting communities; as well as generating long-term value for shareholders.

Earlier this year, the Massachusetts Business Roundtable unveiled its #BusinessIsGood initiative with a report that highlighted not only the impact MBR members have on the economy, but examples of good work being done in communities, in partnership with non-profits and community-based organizations, on issues of diversity, inclusion, equity, and sustainability for future generations. Many of the examples are consistent with the BRT’s focus in its Statement on investing in workers and communities. BRT Chairman Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. says of the BRT’s statement: “Major employers are investing in their workers and communities because they know it is the only way to be successful over the long term. These modernized principles reflect the business community’s unwavering commitment to continue to push for an economy that serves all Americans.”

READ BRT's full statement

LEARN more about BRT's effort

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