> Since 1978, Business Roundtable has periodically issued Principles of Corporate Governance. Each version of the document issued since 1997 has endorsed princi

> Since 1978, Business Roundtable has periodically issued Principles of Corporate Governance. Each version of the document issued since 1997 has endorsed principles of shareholder primacy – that corporations exist principally to serve shareholders. With today’s announcement, the new Statement supersedes previous statements and outlines a modern standard for corporate responsibility. At first glance, this seems like a terrific move. In recent decades, this trend of shareholder primacy has been more than evident. CEOs are expected to lead their companies to more and more performance quarter by quarter, rather than focusing on the long-term prospect -- sometimes even at the cost of it. Let's hope that this "shareholders first, at all costs" mantra finally dies. There's more than one dimension to success, especially future success.