A year ago, members of the Business Roundtable (BRT) signed an important proclamation, espousing their belief that corporations should act in the best interest of stakeholders.
This statement goes beyond the notions of stakeholder primacy advanced by Milton Friedman in the early 1970s. Since the signing of the BRT statement we have experienced a pandemic as well as economic and social calamities.
How have businesses responded to these global challenges?
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