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This article written by CASE Faculty Director Cathy Clark, tackles what do America's CEOs want to change about corporate governance.
Clark shares what the Business Roundtable, a lobbying group composed of the nation's leading CEOs, have released in a new Statement on the Purpose of a Corporation signed by 181 CEOs.
Clark highlights the key ideas in the release including: 1) The purpose of a corporation in the US is to promote an economy that serves all Americans; 2) US CEOs should move away from the notion that the sole purpose of business is to maximize profits for shareholders; and 3) Businesses share a fundamental commitment to serve all of their stakeholders.
There has been a big reaction to the release and Clark has observed interpretations on two opposite poles: The Air Traffic Control group and The Show Us the Money group. Clark also shares a brief guide to some actions being proposed.
If the companies do take the actions to make their intentions real, Clark says that, truthfully, "we won't know unless they start measuring and reporting on the impact they are having on other stakeholders."
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: Barberton Community Foundation
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Foundation: Surdna Foundation, Ford Foundation, Wallace Foundation, Wallace Foundation, Wallace Foundation, Wallace Foundation
The Ford Foundation has donated $116 million to support artists and arts organizations of color in the US, the New York Times reports. That's more than double the $50 million the foundation...more
"More than half of people with pancreatic cancer die within the first six months of diagnosis and just 11.5% will survive five years," says a press release from the World Health...more
In the wake of the Orlando shooting, Donald Trump has donated $10 million to help victims, CNN reports. The Republican presidential candidate donated $5 million to the Center for Disaster...more
India's Rajiv Gandhi National Institute of Youth Development (RGNIYD) is known for its work with disadvantaged youth, and it's now offering master's and bachelor's degrees in fashion design, textile...more
If you work for one of these companies, there's a good chance you're going to earn some cashin the form of bonuses. Or at least, that's what the folks at 24/7 Wall St. would like you to...more
Social Entrepreneurship
Spotlight
Social Entrepreneurship: The Right Balance of Doing Good and Doing Well
Social entrepreneur and co-founder of nonprofit Jolkona, Adnan Mahmud, discusses his definition of a successful social entrepreneur. He describes the social entrepreneur as someone who has found the right balance between doing good while doing well.
