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Lucian Bebchuk, Kobi Kastiel & Roberto Tallarita, Have Business Roundtable Companies Lived Up to their Stakeholder Commitments?, Pro- Market (May 18, 2022).

Abstract: In 2019, more than 100 CEOs of US public companies signed a Business Roundtable statement in which they pledged to deliver value to all stakeholders, not just shareholders. Have their companies lived up to this commitment? A forthcoming study based on a wide array of hand-collected corporate documents shows that, two years later, Business Roundtable companies generally have retained corporate governance principles and practices that reflect traditional shareholder primacy.