The Business Roundtable is one of the largest and most influential business groups in the United States and it includes CEOs from JP Morgan, Amazon, General Motors and Apple. In a new statement released this week on the Purpose of a Corporation, the Business Roundtable dropped the “shareholder primacy” ideology that has driven corporations for over 50 years. The statement includes a more complete view of corporate purpose as the range of stakeholders now include employees, customers, suppliers and communities. Mohamed El-Erian, chief economic adviser for Allianz said, “it reflects an emerging consensus about the importance of more inclusive capitalism.”

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