https://corpgov.law.harvard.edu/2020/05/27/on-the-purpose-of-the-corporation https://corpgov.law.harvard.edu/2020/05/27/on-the-purpose-of... The purpose of a c

https://corpgov.law.harvard.edu/2020/05/27/on-the-purpose-of-the-corporation https://corpgov.law.harvard.edu/2020/05/27/on-the-purpose-of... The purpose of a corporation is to conduct a lawful, ethical, profitable and sustainable business in order to create value over the long-term, which requires consideration of the stakeholders that are critical to its success (shareholders, employees, customers, suppliers, creditors and communities) ... https://www.aspeninstitute.org/programs/business-and-society-program/purpose-of-the-corporation/ https://www.aspeninstitute.org/programs/business-and-society... Business corporations are perhaps the most influential organizations in society and have long been recognized as important contributors to the common good. Society grants corporations unique privileges in order to harness their great capacities to serve its needs. https://www.ft.com/content/482a8435-c04c-4be8-9856-941e7ecf128a https://www.ft.com/content/482a8435-c04c-4be8-9856-941e7ecf1... ... it would abandon shareholder primacy and redefine corporate purpose to create an economy that “serves all Americans”. https://hbswk.hbs.edu/item/the-role-of-the-corporation-in-society-an-alternative-view-and-opportunities-for-future-research https://hbswk.hbs.edu/item/the-role-of-the-corporation-in-so... : ... scholars Berle and Means (1932) predicted ... both owners and "the control" accepting public interest as the objective of the corporation.