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Panel Discussion: Redefining the Purpose of a Corporation

Thought Igniters: 

Georgia Kartsanis, Founder & CEO SARGIA Partners, Founder & President CEO Clubs Greece and Your Directors Club

Dr. Bruce Piasecki, Founder & President, AHC Group

On August, 19 2019, in Washington DC, the Business Roundtable 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.

While each of the individual companies serves its own corporate purpose, they all share a fundamental commitment to all of their stakeholders.

Here are their commitments:

  • Delivering value to our customers. We will further the tradition of companies leading the way in meeting or exceeding customer expectations.

  • Investing in our employees. This starts with compensating them fairly and providing important benefits. It also includes supporting them through training and education that help develop new skills for a rapidly changing world. We foster diversity and inclusion, dignity and respect.

  • Dealing fairly and ethically with our suppliers. We are dedicated to serving as good partners to the other companies, large and small, that help us meet our missions.

  • Supporting the communities in which we work. We respect the people in our communities and protect the environment by embracing sustainable practices across our businesses.

  • Generating long-term value for shareholders, who provide the capital that allows companies to invest, grow and innovate. We are committed to transparency and effective engagement with shareholders.

  • Each of our stakeholders is essential. We commit to deliver value to all of them, for the future success of our companies, our communities and our country.

What does it take to meet these commitments?