Updated: The Purpose of a Corporation

US CEOs flip flop and decide corporations aren’t only accountable to shareholders from The Hustle August 20, 2019, 181 American CEOs in the Business Roundtable (BRT) issued a statement that changed “the Purpose of a Corporation” from simply providing value to shareholders to instead benefiting many stakeholders including customers, employees, suppliers, and communities. Sorry, did…

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When Announcing Change

Explain How It Will Make the Company Better Changes can make employees nervous. Whether you’re announcing an acquisition, a reorg, or a new HR policy, people often need help processing the information. Make the announcement go more smoothly by explaining the reason behind the change. Give the background on what’s not working and why the…