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  • Oscar Garcia

Corporations no longer primarily responsible to shareholders-They're responsible to all stakeholders


I recently read the book "Good Company" by Aurthur M. Blank - Co-Founder of the Home Depot and I was pleased to read many of his statements and experiences, but there was one in particular that caught my attention and I quote: "In the summer of 2019, Business Roundtable released a new Statement on the Purpose of a Corporation, which, was signed by 181 CEOs, including the leaders of dozens of major national and international companies. The essence of their statement was that businesses are no longer primarily responsible to shareholders; they are responsible to all stakeholders, including customers, associates, communities, suppliers, and the environment as well."

I agree with this statement. There is an important balance needed to make everything work.


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