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The purpose of a corporation: sustainability

September 9, 2019

Via: CIO

A month ago, 181 US companies announced that shareholder interests would no longer be the primary driving force behind all corporate decisions. Those who signed the statement included large companies such as JPMorgan Chase, General Motors and Apple.

Five new priorities were outlined: delivering value to customers, investing in employees, dealing fairly and ethically with suppliers, supporting communities and generating long-term value for shareholders.

Given the challenge that the liberal economic system is facing with the rise of anti-capitalism, it is perhaps not surprising that the largest corporations are responding.

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