3 Steps To Activate The Business Roundtable Statement

📆 22/12/40 07:51 م
📰 ForbesWomen

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This week, 181 CEOs of the Business Roundtable representing 30% of US market capitalization renounced the primacy of shareholder value. It was a bold statement, and now we need action by the CEOs and their teams to activate the desire for a more equitable economy.

2. Facilitate innovation and change

In parallel with helping employees understand what it means to serve all stakeholders, and how to do it, CEOs and their leadership teams throughout the business need to ensure their organizations enable, incentivize, and reward innovation. As we change our collective goals, we have to change the metrics by which we measure success. And with change comes failure.

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Business Roundtable statement doesn't mean corporations will dramatically change social role: 'Only time will tell'While the announcement from The Business Roundtable (BRT) offers a significant redefinition of how corporations view their social role, it currently exists as an aspirational statement rather than a plan of action.
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