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For this first September post after the summer break, I’d like to touch on the statement issued by the Business Roundtable* about 2 weeks ago.

That “statement on the purpose of a corporation” acknowledged the fundamental responsibility of corporate America to all constituents.

To serve that purpose on Aug 19, 181 CEOs committed to :

➡ Meet and exceed customers’ expectations.

➡ Invest in employees and compensate them fairly.

➡ Serve as good partners to their suppliers.

➡ Respect the communities and protect the environment through sustainable practices.

➡ Maintain transparency and effective engagement towards shareholders.

What the statement does not say is how and when these commitments will be reached.

To avoid this to be a simple “stakeholder marketing exercise” (stealing the expression from Andrea Bonime-Blanc) these commitments need to be translated into specific and quantifiable goals.

Any insights of yours to share and inspire BR to draft a robust and action-oriented roadmap?

#Leadership540 #CorporateGovernance #ContributiveCapitalism #ConsciousLeaders

*Association founded in 1972 whose 188 members are the CEOs of America’s leading companies