Statement on the Purpose of a Corporation
Delivering Long-Term Value to All Stakeholders
On August 19, 2019, nearly 200 CEOs of America’s largest companies adopted a new Statement on the Purpose of a Corporation declaring that companies should deliver long-term value to all of their stakeholders – customers, employees, suppliers, the communities in which they operate, and shareholders. The best modern CEOs have been running their companies in this way for a long time; they signed the Statement as a better public articulation of their long-term focused approach and as a way of challenging themselves to do more.
Business Roundtable CEOs share a fundamental commitment to all of their stakeholders. In the Statement they committed to:
- Deliver value to customers
- Invest in employees
- Deal fairly and ethically with suppliers
- Support the communities in which they work
- Generate long-term value for shareholders
Two years later, CEOs have powerfully demonstrated their commitment to work for the benefit of all stakeholders.