SERIES: The Initiative on 21st Century Capitalism | Number 11 of 14 « Previous | Next »

Jan 30

Past Event

Reimagining a Corporation’s Purpose in the Great Recession Era and Meeting Threats to Free Enterprise

Event Materials

Video

Audio

Brookings Multimedia content requires JavaScript. Your browser either doesn't have JavaScript or doesn't have it enabled.

Instructions to enable JavaScript.

Summary

The current economic climate is obviously a difficult one for U.S. corporations: the economy is sluggish, the housing market has yet to fully rebound, consumer demand is down, and Wall Street’s relationship with Washington appears to have hit an all-time low. To add to these mounting difficulties, corporate America’s current focus appears to have shifted heavily toward maximizing shareholder profits and executive compensation at the expense of long-term corporate growth and business stakeholders, including employees, investors and communities. “Corporate short-termism” and profit by any means necessary are veritable threats to free enterprise and the health of the U.S. capital markets.

On January 30, as part of a series on corporate purpose, Brookings hosted a discussion on the substantial challenges modern-day corporations face as they struggle to rebound in an historically difficult economic environment, which is seemingly bound by different ethics than eras past. Moderated by Governance Studies Vice President Darrell West, a panel of experts explored how the short-term focus of shareholders and investors affects corporate behavior and government policy; how to encourage longer time horizons among shareholders and executives; how companies can best serve the interests of its stakeholders; and how corporate America can best meet the challenges presented by the Great Recession.

Event Agenda

Details

January 30, 2013

2:00 PM - 3:30 PM EST

Brookings Institution

Falk Auditorium

1775 Massachusetts Avenue, N.W.

Map

Join the Conversation

#CorpPurpose

For More Information

Brookings Office of Communications

202.797.6105

SERIES: The Initiative on 21st Century Capitalism | Number 11