Purpose of the Corporation - Business Roundtable - Principles of Corporate Governance - Management Assignment Help

Assignment Task:

August 2019 the Business Roundtable published an updated statement on the Purpose of the Corporation: Business Roundtable today announced the release of a new Statement on the Purpose of a Corporation signed by 181 CEOs who commit to lead their companies for the benefit of all stakeholders customers, employees, suppliers, communities and shareholders. Since 1978, Business Roundtable has periodically issued Principles of Corporate Governance. Each version of the document issued since 1997 has endorsed principles of shareholder primacy that corporations exist principally to serve shareholders. With today's announcement, the new Statement supersedes the previous 1 In your paper, situate the statement within the ongoing debate between the shareholder view and the stakeholder view of the corporation. How does the statement add to the growing discussion around environmental, social and governance (ESG) factors that are increasingly being used to make investment decisions? What are the implications of this debate for the boards of major Australian listed companies? If you were a director of such a company, how would this debate impact how you undertake this role?

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