Fourteen state treasurers urge Business Roundtable to reject woke activism and focus on making corporations politically neutral. They argue that corporations have shifted leftward and should return to maximizing value for shareholders. Business Roundtable doubled down on supporting leftist stakeholders, promoting ESG and DEI policies. Some corporations are moving away from DEI policies and focusing on merit and excellence.
Key Points
Business Roundtable urged to abandon focus on leftist stakeholders
State treasurers emphasize the importance of returning to shareholder value maximization
Debate around ESG and DEI policies in corporations
Pros
Encourages corporations to focus on maximizing value for shareholders
Highlights the importance of avoiding political bias in corporate decisions
Cons
May spark controversy and debate about the role of corporations in social issues