1997 Business Roundtable statement on corporate governance

E877305

The 1997 Business Roundtable statement on corporate governance was a widely cited declaration by leading U.S. CEOs that endorsed a shareholder-centric model of corporate purpose and responsibilities.

All labels observed (1)

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Statements (46)

Predicate Object
instanceOf Business Roundtable statement ⓘ
corporate governance policy statement ⓘ
associatedWith Fortune 500 CEOs ⓘ
linked to: Fortune 500

U.S. business lobby organizations ⓘ
author Business Roundtable ⓘ
citedBy business ethics scholarship ⓘ
corporate law scholarship ⓘ
policy reports on corporate governance ⓘ
context post-1980s corporate governance reforms in the United States ⓘ
contrastsWith stakeholder model of corporate governance ⓘ
countryOfOrigin United States ⓘ
describedAs widely cited declaration by leading U.S. CEOs ⓘ
emphasizes board accountability to shareholders ⓘ
effective oversight of management ⓘ
importance of independent directors ⓘ
long-term shareholder value creation ⓘ
maximization of shareholder value ⓘ
transparency to shareholders ⓘ
endorsesModel shareholder-centric model of the corporation ⓘ
focusesOn publicly traded corporations ⓘ
followedBy 2019 Business Roundtable Statement on the Purpose of a Corporation ⓘ
hasPerspective shareholder-centric view of corporate responsibilities ⓘ
historicalSignificance canonical expression of shareholder primacy in late 20th-century U.S. corporate governance ⓘ
influenced U.S. corporate governance debates in the late 1990s ⓘ
board governance practices in large U.S. corporations ⓘ
influencedBy U.S. corporate law norms of the 1980s and 1990s ⓘ
shareholder value ideology ⓘ
jurisdiction United States corporate sector ⓘ
language English ⓘ
mainSubject board of directors responsibilities ⓘ
corporate governance ⓘ
corporate purpose ⓘ
shareholder primacy ⓘ
shareholder rights ⓘ
publicationYear 1997 ⓘ
publisher Business Roundtable ⓘ
recognizes importance of fair disclosure to shareholders ⓘ
importance of legal and ethical compliance ⓘ
roleIn benchmark for shareholder primacy in U.S. corporate governance ⓘ
sector large U.S. corporations ⓘ
states that directors are accountable to shareholders ⓘ
that the principal objective of a corporation is to generate economic returns to its owners ⓘ
targetAudience chief executive officers ⓘ
corporate boards of directors ⓘ
institutional investors ⓘ
typeOfDocument non-binding policy statement ⓘ

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

2019 Statement on the Purpose of a Corporation → predecessor → 1997 Business Roundtable statement on corporate governance ⓘ