Business Roundtable New York Times

A new statement of purpose.

Business roundtable new york times. But by last year the business roundtable s language was out of step with the times. Washington 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. The business roundtable brt is a nonprofit association based in washington d c.

On monday the business roundtable which represents the largest corporations in the united states. Follow the new york times opinion section on facebook twitter nytopinion and instagram. Whose members are chief executive officers of major united states companies.

A group of 181 ceos have issued a statement proclaiming the need to help deal with income inequality and working conditions. Many chief executives including blackrock s larry fink had begun calling on companies to be more responsible. Julie sweet of accenture north america brian moynihan of bank of america tim cook of apple robert.

The business roundtable s principles of corporate governance in their latest version dated 2016 states. Chief executives who are members of the business roundtable include left to right front row. The business roundtable has close to 200 members including the chief executives of jpmorgan amazon and general motors which generate 7tn in annual revenue.

Since 1978 business roundtable has periodically issued principles of corporate governance. Chamber of commerce whose members are entire businesses brt members are exclusively ceos brt promotes public policy favorable to business interests such as nafta while also promoting broader public policy initiatives. Treating employees fairly and equitably is in a company s best interest.

Cayce clifford for the new york times given the scale of the pandemic and marriott s global presence nearly 1 4 million hotel rooms spread across 7 349 properties worldwide the company.