2019 Statement on the Purpose of a Corporation

E250995

The 2019 Statement on the Purpose of a Corporation is a landmark declaration by major U.S. CEOs redefining corporate purpose to prioritize all stakeholders—employees, customers, suppliers, and communities—rather than focusing solely on shareholder value.

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2019 Statement on the Purpose of a Corporation canonical 1

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Predicate Object
instanceOf business policy statement
corporate governance declaration
stakeholder capitalism manifesto
countryOfOrigin United States of America
surface form: United States
datePublished 2019-08-19
describedAs landmark declaration on corporate purpose
emphasizes delivering value to customers
ethical business practices
fair treatment of suppliers
investment in employees
long-term value creation
support for communities
focusesOn communities
customers
employees
shareholders
stakeholders
suppliers
hasAuthor Business Roundtable
hasURL https://opportunity.businessroundtable.org/ourcommitment/
issuedBy Business Roundtable
surface form: Business Roundtable board of directors
language English
mainSubject corporate governance
corporate social responsibility
purpose of a corporation
stakeholder capitalism
opposes shareholder primacy doctrine
predecessor 1997 Business Roundtable statement on corporate governance
publisher Business Roundtable
redefines corporate purpose
signatoryCount 181
signedBy Alex Gorsky
Brian Krzanich
Brian Moynihan
Brian L. Roberts
surface form: Brian Roberts

CEOs of major U.S. corporations
Dennis Muilenburg
Doug McMillon
Ginni Rometty
Indra Nooyi
James Gorman
surface form: James P. Gorman

James Quincey
Jamie Dimon
Jeff Bezos
Laurence Fink
Marillyn Hewson
Mary Barra
Michael Corbat
Michael Dell
Randall Stephenson
Safra Catz
Tim Cook
Ursula Burns
year 2019

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Business Roundtable notableWork 2019 Statement on the Purpose of a Corporation