Bloomberg Law
May 11, 2020, 9:39 AM

ANALYSIS: A Crisis Could Elevate Stakeholder Pledge

Patty Tehrani
Patty Tehrani
Legal Analyst

Last fall, Bloomberg Law analysts issued their collective views for 2020, never imagining an unprecedented pandemic would paralyze the public and private sectors indefinitely. I covered the Business Roundtable’s (BRT) statement “to deliver value” to an expanded pool of stakeholders—employees, customers, suppliers, communities, and shareholders. At the time, I questioned whether such delivery would ever materialize.

Covid-19 allows the BRT an opportunity to make good on its pledge and to prove the skeptics wrong. Implementing their aspirational principles from last summer into demonstrable actions may help BRT members protect—and possibly build—their reputation during this challenging period.

To date, the BRT ...

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