July 23

Viewpoint: Covid-19 & Inequality Test Corporate Purpose

By Robert G. Eccles

Last year, CEOs from 181 publicly traded companies signed on to the Business Roundtable’s (BRT) updated Principles of Corporate Governance to redefine “the purpose of a corporation to promote an economy that serves all Americans.”

Today, the planet is under siege from a pandemic that has resulted in the most profound economic calamity since the Great Depression. This crisis has exposed and amplified multiple systemic fault lines, including wealth disparities and inadequate healthcare access and employment safety nets.

Photo courtesy of UnratedStudio.

Source: Business Fights Poverty (link opens in a new window)

corporate social responsibility, employment, governance, human rights