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After stating for 40 years that the primary obligation of business is to shareholders, in 2019 the Business
After stating for 40 years that the primary obligation of business is to shareholders, in 2019 the Business
Roundtable - comprised of 181 of the United States' biggest companies - released a new statement that corporations have 'a fundamental commitment to all of our stakeholders'. Identify the main stakeholders the Business Roundtable identifies, and explain why, according to Freeman, businesses would have an ethical obligation to these stakeholder groups?
Here is a fundamental commitment from Business Roundtable's statement:
