Mission
New Principles for Corporate Design
1. The purpose of the corporation is to harness private interests to serve the public interest.
2. Corporations shall accrue fair returns for shareholders, but not at the expense of the legitimate interests of other stakeholders.
3. Corporations shall operate sustainably, meeting the needs of the present generation without compromising the ability of future generations to meet their needs.
4. Corporations shall distribute their wealth equitably among those who contribute to its creation.
5. Corporations shall be governed in a manner that is participatory, transparent, ethical, and accountable.
6. Corporations shall not infringe on the right of natural persons to govern themselves, nor infringe on other universal human rights.
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About Corporation 20/20
What is the core purpose of the corporation? How should it be designed to seamlessly blend sustainability into its design, ownership, governance, strategy and practices? Corporation 20/20 is an international, multi-stakeholder initiative that seeks to answer these questions. Its goal is to develop and disseminate a vision, pathway for the 21st century corporation in which social purpose moves from the periphery to the heart of the organization. Such transformation is indispensable to a Great Transition toward a just and livable world. |
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Piecemeal, crisis-driven corporate reforms are no substitute for systemic, proactive change |
The creation of a forum, a visionary and an advocate for transformational change |
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Since 2004, expansion to 350 participants from business, civil society, labor, law and the media |
Principles of Redesign, working groups, workshops, laboratories and a November 2007 Summit |
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Initiatives on corporate codes, law, charters, personhood, shareholder primacy, governance, capital markets |
Diverse support from large and small corporations, foundations and individuals |
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