Jamie Dimon says he intends to move beyond the staid maxim that corporations should act to maximise shareholder value. He has persuaded 180 of his fellow CEOs to join him. They propose a new ethos in which corporations will be accountable to all stakeholders - not only employees, customers and shareholders, but also society at large.
If the JPMorgan Chase CEO's goal is to improve JPMorgan's image, his move is a smart one. If, however, he means what he says, his proposal is misguided...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.