DiscoverWhat Does It Profit PodcastBusiness Roundtable: Re-conceptualizing the Corporation? (Jessica DiNapoli)
Business Roundtable: Re-conceptualizing the Corporation? (Jessica DiNapoli)

Business Roundtable: Re-conceptualizing the Corporation? (Jessica DiNapoli)

Update: 2021-02-17
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In 2020, JP Morgan CEO, Jamie Dimon’s tenure at the helm of the Business Roundtable expired. But what about this whole new way of doing business? In 2021, shareholder activists put the stakeholder governance paradigm to the test, and JP Morgan said, no. The whole issue got us thinking. It’s time for an update on this new vision for a stakeholder approach to corporate governance.  We talk with someone very familiar with what’s been going on, Reuter’s corporate governance reporter, Jessica DiNapoli.

Comments (1)

ncooty

@3:39: It is inaccurate to say that the purpose of companies to date has been to maximize shareholder profits. That's a historically ignorant statement, given that the justifications for charters, limited liability, incorporation, etc. were historically rooted in the public interest. In fact, such concessions were, for centuries, typically limited in duration and reviewed for renewals based on the public interest. Her framing wrongly poses the current (relatively recent) status as the default, which matters not just for public rhetoric, but also for legal interpretations. The guest sounds like yet another ignorant twit who says more than she knows and acts as if "history" is whatever she can lazily recall from her personal experience.

Mar 14th
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Business Roundtable: Re-conceptualizing the Corporation? (Jessica DiNapoli)

Business Roundtable: Re-conceptualizing the Corporation? (Jessica DiNapoli)

Dr. Dawn Carpenter