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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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