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Shareholder Primacy & the Business Roundtable Statement


Shareholder Primacy & the Business Roundtable Statement

“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, 1 of 2, panelists discuss the legal consquences of the BRT statement and the question of mass prosperity.

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).

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