Leading US bosses’ group drops principle of shareholder-first

Business Roundtable urges companies to consider environment and workersOne of the most influential US business lobby groups has abandoned its central ethos that the interests of shareholders should always come first – in a reversal of the rules that have driven US capitalism for decades.The Business Roundtable (BRT), whose members include the chief executives of huge corporations ranging from Apple to ExxonMobil, urged companies on Monday to consider the environment and workers’ wellbeing alongside the pursuit of profits, in a new “statement of purpose” which ranks shareholders as just one of five key stakeholders, alongside customers, workers, suppliers and communities. Continue reading…
Via: Leading US bosses’ group drops principle of shareholder-first