Top CEOS from (AAPN Members) Macy’s, Target and Walmart Send a Striking Message to Their Shareholders

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We are going to track this topic. While this is a general industry post, future updates will be to AAPN MEMBERS-ONLY. You really want to hope that this initiative works. 

FN: AUG 19, 2019
Top CEOS from Macy’s, Target and Walmart Send a Striking Message to Their Shareholders

More than 180 CEOs at some of the largest and most recognized corporations in the United States are changing the ways they do business.

In a statement released today, the Business Roundtable — counting retail members like (AAPN Members) Macy’s, Target and Walmart — announced that it was updating its corporate governance principles, which has served as a guideline on “the purpose of a corporation” for more than four decades.

The group’s new standard for corporate responsibility is no longer based on shareholder value alone, which has served as the central tenet in each statement issued since 1997.

Instead, executives said they would conduct business for the benefit of all stakeholders — not only generating long-term profits for shareholders, but also dealing fairly with suppliers, investing in employees, supporting communities and delivering value for customers. Read More