“Shareholder primacy” has long been at the center of corporate governance. The August 2019 Business Roundtable (BRT) statement suggested a different corporate purpose, framed in terms of the need to deliver value to all stakeholders and to drive sustainable growth. On October 30, 2019, the Richman Center held a panel discussion on the BRT statement. In this video, 2 of 2, panelists discuss the influence of large corporations on corporate governance and values, and Elizabeth Warren’s letter in response to the BRT statement.
Jeffrey N. Gordon (Richard Paul Richman Professor of Law at Columbia Law School; Co-Director of the Richard Paul Richman Center for Business, Law, and Public Policy) and Edward Rock (Martin Lipton Professor of Law at NYU; Director of the Institute for Corporate Governance and Finance), moderated by Wei Jiang (Arthur F. Burns Professor of Free and Competitive Enterprise, Columbia Business School).
Find out more about the Richman Center: https://www8.gsb.columbia.edu/richman/