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On August 19, 2019, the Business Roundtable (BR), representing the most powerful Chief Executive Officers (CEOs) in the United States, issued a 300word Statement on the Purpose of a Corporation. Since 1978, BR has periodically issued Principles of Corporate Governance. Since 1997, each version of the document has endorsed principles of shareholder primacy, i.e., that corporations exist principally to serve shareholders. This new Statement supersedes previous statements and Abstract

Analyzing the business roundtable statement on the purpose of a corporation and linking it to corporate governance