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Corporates 2.0: Profit with a purpose

The corporation is more than just about sustainable production. It is about companies taking into account the social order in which they operate

Amit Tandon 

Amit Tandon

The line it is drawn/the curse it is cast./The slow one now/will later be fast./As the present now/will later be past./The order is rapidly fadin'/And the first one now/will later be last./For the times they are a-changin'.

Bob Dylan Twenty-two years after first committing itself to Milton Friedman’s mantra that the principal objective of a business enterprise is to generate economic returns to its owners, the US Business Roundtable has now given corporations a new purpose. In a statement in August, the Roundtable stated that purpose of the corporation is no longer ...

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First Published: Thu, October 24 2019. 20:54 IST
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