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Poll results

A year ago, Washington D.C. nonprofit The Business Roundtable, a group of influential corporate CEOs, made changes to their companies' missions, deemphasizing shareholder interests in lieu of prioritizing society and the environment. The changes follow a similar movement where companies are considering their impact on their communities, rather than strictly focusing on the bottom line. Over a year later, a new report from The Business Roundtable measuring how that change was implemented is taking companies to task and ranking corporations for their performance in that realm. Among the compaines on the list, Marlborough medical device manufacturer Boston Scientific ranked in the third quartile and Framingham-based TJX Cos. ranked in the bottom quartile., while Oxford laser manufacturer IPG Photonics fared better, in the second quartile.

As part of its operations, should your business put more emphasis on its societal and environmental impact and less on profitability?
No, our commitment strictly lies with our shareholders and bottom line. (16%, 15 VOTES)
No, our philanthropic giving from our profits is the best way to help the community. (30%, 29 VOTES)
Yes, the wellbeing of our community is critical to the long-term health of our company. (45%, 43 VOTES)
Yes, because we have the influence to affect societal change. (9%, 9 VOTES)
Poll Description

A year ago, Washington D.C. nonprofit The Business Roundtable, a group of influential corporate CEOs, made changes to their companies' missions, deemphasizing shareholder interests in lieu of prioritizing society and the environment. The changes follow a similar movement where companies are considering their impact on their communities, rather than strictly focusing on the bottom line. Over a year later, a new report from The Business Roundtable measuring how that change was implemented is taking companies to task and ranking corporations for their performance in that realm. Among the compaines on the list, Marlborough medical device manufacturer Boston Scientific ranked in the third quartile and Framingham-based TJX Cos. ranked in the bottom quartile., while Oxford laser manufacturer IPG Photonics fared better, in the second quartile.

  • 96 Votes
  • 2 Comments
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2 Comments

  • October 6, 2020

    It is up to the shareholders to decide what societal issues they wish to support, and to what extent, with their share of any profits.

  • October 6, 2020

    None of the above.
    Every company (and every individual) needs to maintain a balance between what is good for them, and what is good for the community.
    If a company (or an individual) allows the good of others to overtake their own good, they run the risk of failure.
    If they fail, they become a burden on society, and that makes everyone worse off.