Embracing a pluralistic vision of corporate governance will help us ensure capitalism's legitimacy and sustainability.

Their relentless pursuit of profits, though, is the natural outcome of the doctrine of shareholder primacy. As the consensus around this doctrine crumbles, it has become increasingly clear that the ...

Shareholder primacy was an ethos championed by Nobel Prize-winning economist Milton Friedman and has been the foundation of corporate purpose. The new mission statement comes at a time when ...

DAVOS, Switzerland — Hikmet Ersek, the CEO of money transfer giant Western Union, was one of about 200 CEOs who signed the Business Roundtable's rejection of shareholder primacy for a ...

It is the first Business Roundtable statement to reject "shareholder primacy," a theory that states that a public company exists solely for the benefit of shareholders and has guided corporate ...

Since the 2008 financial crisis, a growing chorus of advocates and scholars have argued that corporations have a responsibility toward a number of different stakeholders, including their employees.