Question
The Business Roundtable, an association of chief executive officers (CEOs) of America's leading companies, redefine the purpose of a corporation by pledging among others, the
The Business Roundtable, an association of chief executive officers (CEOs) of America's leading companies, redefine the purpose of a corporation by pledging among others, the following:
[W]e share a fundamental commitment to all of our stakeholders. We commit to [...] deliver value to all of them, for the future success of our companies, our communities and our country.
Business Roundtable Statement on the Purpose of a Corporation, August 19, 2019.
Using relevant literature, discuss whether the pursuit of stakeholder interest undermines shareholder wealth maximisation.
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