Business Ethics, the Environment & Responsibility: Redefining Purpose: The Effect of the 2019 Business Roundtable Statement on Corporate Tax Strategies

Business Ethics, the Environment & Responsibility: Redefining Purpose: The Effect of the 2019 Business Roundtable Statement on Corporate Tax Strategies

Business Roundtable (BRT) firms have faced intense scrutiny from investors, media, and the public following their 2019 “Statement on the Purpose of a Corporation,” which marked a shift from shareholder-centric governance to a stakeholder-focused approach. This shift has sparked debate over whether BRT firms are genuinely committed to social responsibility or merely using it as a branding strategy without implementing meaningful changes. This pap…