“I was proud to be one of the CEOs who signed the Business Roundtable`s Statement on Corporate Purpose. I signed as a commitment of responsibility for a future that we want to build together. It`s a journey Deloitte has been on for years. We have built our company around a commitment to making an impact that matters to customers, our employees and society. On August 19, 2019, the Business Roundtable published a new “Statement on the Purpose of a Business”. The group, signed by nearly 200 chief executives, including Jeff Bezos of Amazon, Tim Cook of Apple, Mary Barra of General Motors and Safra Catz of Oracle, aims to “move away from shareholder primacy,” a concept that has existed in the group`s principles since 1997, and to “embed the commitment of all stakeholders.” It notes that “businesses play a crucial role in the economy” as they create jobs, foster innovation and provide essential services. But it puts the interests of shareholders on the same level as those of customers, employees, suppliers and communities. “Each of our stakeholders is essential,” the statement said. “We are committed to providing value to all of them for the future success of our businesses, our communities and our country.”    “As a global leader in animal health, our business focus at Zoetis is a very social one. We help bring camaraderie, comfort and nutrition to the world through healthy pets and farm animals. It all starts with investing in colleagues who are valued for their role in helping veterinarians, pet owners and food producers keep animals healthy. The Business Roundtable wrote a letter to members of the House of Representatives outlining the Customer Protection and End-User Assistance Act (H.R. 4413; 113th Congress).
 According to the Business Roundtable`s submission, a survey of CFOs and corporate treasurers highlights “the urgent need for end-user regulation” in this bill, as “eighty-six percent of respondents said that fully secured OTC derivatives would have a negative impact on investments, acquisitions, research and development and job creation of companies”.  The letter concluded that the Business Roundtable “supports efforts to increase the transparency of derivatives markets and improve the financial stability of the U.S. economy through thoughtful new regulations while avoiding unnecessary costs.”  In 2010, the Washington Post described the group as “President Obama`s closest ally in business.”  “[There is] a strong link between our business and sustainability strategies. We work with our clients to provide more resilient infrastructure, promote affordability and create a more sustainable water sector. This is our goal and our company. As climate change brings water problems to communities around the world, we intend to be part of the solution. “McKinsey was proud to join the Business Roundtable`s statement on the company`s purpose last year. Like so many others, we believe that companies can and should support and provide all stakeholders who work with private companies: customers, business partners, shareholders, employees and the community at large. Under Barra`s leadership, GM envisions a world without accidents, zero emissions and traffic jams. He focuses on improving the customer experience and strengthening GM`s core vehicle and services businesses, while striving to drive the transformation of personal mobility through cutting-edge technologies such as connectivity, electrification and autonomous driving.
Jamie Dimon is President and CEO of JPMorgan Chase & Co., a $3.2 trillion global financial services company with global operations. The firm is a leader in investment banking, consumer financial services, small business, commercial banking, financial transaction processing and wealth management. “On the one-year anniversary of the Business Roundtable`s historic reassessment of a company`s purpose, we are thrilled to be part of a broader movement in the U.S. economy that shares the same principles that have been part of Delta`s culture since our inception 95 years ago – putting people before profit. in fact, in the best interest of our planet. our communities, employees and shareholders. At the time, it was hard to imagine how much the world would change in a year. The commitment of some of our country`s top business leaders to serve all stakeholders in an organization is more important than ever. This is an opportunity for us to show that business can be a positive force in paving the way for a better and stronger future after the pandemic.
“The COVID-19 pandemic has underscored the need for U.S. companies to lead in a targeted manner and leverage sustainable and inclusive business practices to meet the broader needs of all citizens. For all of us at Bristol Myers Squibb, this means listening to the needs of our stakeholders to create a better, healthier world. “A year ago, the Business Roundtable redefined the purpose of a company because we felt it was important to articulate our values, share them with the world and illustrate the principles of our actions. We couldn`t have known how timely it would be to clarify our commitment to managing our businesses for the benefit of all our stakeholders prior to the COVID-19 pandemic, and I was proud to see the private sector grow stronger – both in managing ongoing disruption and uncertainty and in evolving our business to be so diversified. Fair and inclusive as much as possible. The Board of Directors is available at www.businessroundtable.org/about-us/board-of-directors. The Business Roundtable (BRT) is a non-profit organization based in Washington, D.C.
whose members are CEOs of major U.S. corporations. Unlike the U.S. Chamber of Commerce, whose members are entire companies, BRT members are exclusively CEOs. BRT promotes business-friendly public policies like NAFTA, while promoting broader policy initiatives like No Child Left Behind and opposing others like the Trump administration`s family separation policies. In 2019, BRT redefined its definition of a company`s purpose, putting the interests of employees, customers, suppliers and communities on an equal footing with shareholders. BRT members include Jeff Bezos of Amazon, Tim Cook of Apple and Mary Barra of General Motors.     Business Roundtable is an association of CEOs of major US companies representing all sectors of the economy. Barra joined the roundtable in 2017 and is currently Chair of the Education and Workforce Committee. President and CEO, Bristol-Myers Squibb. 19. In August 2019, the Group updated its decades-old definition of corporate purpose, abolishing its fundamental principle that the interests of shareholders must be placed above all else.
The declaration, signed by nearly 200 CEOs of major U.S. companies, is a “fundamental commitment to all our stakeholders,” including customers, employees, suppliers and local communities.  “The Business Roundtable`s statement about a company`s purpose, particularly the increased focus on community engagement, came at the right time. When the two crises of 2020 hit – the Covid-19 pandemic and social unrest triggered by racial injustice – the goal mobilized BRT member companies to act. At CBRE, we used our lens to guide our response to both crises. These actions included an unprecedented fundraiser in support of COVID-19 relief, holding our first company-wide town hall to discuss racial inequality, creating a new role as Chief Diversity Officer within our leadership team, and introducing a global policy that reinforces our unequivocal stance against racial misconduct. M. Barra succeeds Doug McMillon, Walmart`s president and CEO, who began his term as president on January 1, 2020 and will remain an active member of the Business Roundtable`s board of directors after his term ends, ending his two-year term on December 31, 2021.