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In this issue
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The Business Roundtable’s Statement on Corporate Purpose One Year Later
It’s been a little over a year since the Business Roundtable (BRT) issued its much-ballyhooed statement on corporate purpose. Many of the commentators who welcomed it rapturously predicted the statement would usher in a new era of corporate social responsibility (CSR), with corporations tackling a range of social problems such as climate change and racism. After a year in which society and business have faced unprecedented problems, it seems fair to ask whether corporations have really embraced the BRT’s vision of corporate purpose.
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Two Views: Stakeholders Expect More From Corporate America
There are many reasons for the ascendency of stakeholder-thinking in business. Some have even argued that “stakeholder capitalism” is the new narrative that better describes how businesses can be successful. While there has also been a great deal of skepticism around this proposed change in narrative, it is worth a more careful look at why the ideas of Milton Friedman seem to fall short in today’s world, on this occasion of the 50th anniversary of his essay “The Social Responsibility of Business is to Increase Its Profits,” published in The New York Times Magazine in 1970.
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Two views: Shareholders vs. Stakeholders: The Role of Corporate Directors
In the midst of economic calamity and the pandemic, capitalism is under fire. Present important debates over inequality of opportunity and outcomes, reinvigorating communities and addressing challenges from globalization to climate change to broader social justice come together in questions about our economic system: What should businesses and their leaders be doing? For whom should the corporation be run?
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New Perspectives on Diversity in the Boardroom: To Curate, Obligate or Legislate?
Diversity in the boardroom and the C-suite remains a top priority, but we must take the dialogue deeper and become more creative in our approach. While giving current efforts a chance to yield significant results, it is time to apply less prescriptive approaches to achieve remarkable diversity in our boardrooms.
Past issues you might be interested in
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2020 First Quarter
Directors & Boards Magazine—2020 First Quarter
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2020 Second Quarter
Directors & Boards Magazine—2020 Second Quarter
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2019 Fourth Quarter
Directors & Boards Magazine—2019 Fourth Quarter
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2019 Third Quarter
Directors & Boards Magazine—2019 Third Quarter