On August 19, 2019, the Business Roundtable1 released its “Statement on the Purpose of a Corporation.”2 This statement broadly articulates that a corporation’s purpose is to serve the interests of (1) its customers; (2) its employees; (3) its suppliers; (4) its communities, and (5) its shareholders.3 The statement concludes, “Each of our stakeholders is essential….
Tag: Corporate Social Responsibility
Some People Are Calling Airbnb Racist – And The Company Is Responding
Applying Old Laws to New Problems If you’re renting out a room in your apartment or giving someone a ride in your car, are you legally obligated to abide by the same anti-discrimination rules that businesses must observe? The answer isn’t crystal clear for millennial-preferred services such as Uber, Lyft, and Airbnb that have…
Stopping the Illicit Trade of Cultural Artifacts: Looking to the Diamond Trade for Guidance
The stolen antiquities trade is worth seven billion dollars.1 There is real concern in the antiquities industry that the Islamic State (“IS”), although publically destroying cultural artifacts in their possession, are also selling these goods to fund their initiatives.2 In February 2015, videos of IS militants surfaced on the Internet showing IS supporters destroying cultural…