A little over a year and a half ago, we wrote about the new statement of corporate purpose published by the Business Roundtable (BRT) which drew praise, criticism, and skepticism. The new statement was groundbreaking and it's worth reading. The BRT had in the past focused on “shareholder primacy,” following the lead of Milton Friedman in the 1970’s. In 1997, the BRT stated that, "the paramount duty of management and of boards of directors is to the corporation's stockholders," and that "the interests of other stakeholders are relevant as a derivative of the duty to stockholders."
However, in the new statement of purpose, published in August of 2019, the BRT doesn't mention shareholders until the last bullet of their statement, and seems to give more urgent attention to customers, employees, ethics, communities, and the environment as part of strategic corporate finance.