Post by account_disabled on Mar 7, 2024 10:59:32 GMT 5
President Andrés Manuel López Obrador (AMLO) has mentioned that he admires the code of business ethics signed by the US Business Roundtable association of the United States, which wants to redefine the rules of capitalism and change the way of doing business in that country, that document was signed by the 181 largest and most powerful corporations in the American Union.
The Business Roundtable (BRT) brings together the CEOs of 181 of the largest corporations in the United States, from Amazon to Xerox, Walmart, Apple, Exxon Mobil, AT&T, Ford, JP Morgan Chase, General Motors, Johnson & Johnson, Lockheed Martin , Cummins, Boeing, Cisco Systems, IBM, Marriot, Amazon, American Airlines, American Express, Apple, BlackRock, Coca-Cola, among many others.
These corporations have more than 15 million Chile Mobile Number List employees and annual revenues of more than 7 billion dollars, they pay 296 billion dollars to shareholders and donate 8 billion dollars to social initiatives.
These businessmen came together in mid-2019 to establish a code of ethics where they assume a radical change of vision about the objective of their corporations and not only focus on economic profits, but also think about employees, customers and communities. in which they operate.
In the code of ethics established by BRT, it is committed to five specific points:
Deliver valuable services or goods to your customers.
Invest in your employees and compensate them fairly
Negotiate fairly and ethically with suppliers.
Support the communities in which companies are located.
Generate long-term profitability for shareholders.
The document implicitly recognizes that large companies have a responsibility that goes beyond ensuring the return on investments and that too many citizens suffer poverty while the consortiums have record profits year after year.
Jamie Dimon, head of the Business Roundatble and executive president of the JP Morgan Chase bank, highlighted that this business direction is linked to a vision of sustainability over time.
He said that “the American dream is alive but it is fading. “Large employers are investing in their workers and their communities because they know that is the only way to be successful in the long term.”
"These modernized principles reflect the business community's strong commitment to continuing to drive an economy that serves all Americans," he added.
In the document signed by the directors and presidents of business councils, the Business Roundtable made a commitment for its corporations to go from only creating value for shareholders, a situation that will now be extended to its clients, to offer them greater value and exceed their expectations. ; to its employees, to invest in them, starting with fair compensation and giving them all kinds of social benefits.
The declaration of principles emphasizes that Americans deserve an economy that allows them to live a life of meaning and dignity through their work and creativity.
It also holds the belief that the free market system is the best way to generate good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunities for all.
It is estimated that this declaration is an important change not only in the terms of income distribution, in which employees, governments, etc. participate, but in terms of offering better quality products to customers and taking care of suppliers.
For his part, Larry Fink, CEO of BlackRock and member of BRT, called on companies to strive to achieve a positive impact on society, in addition to generating profits.
What is the Business Roundtable (BRT)
The BRT defines itself as a non-profit association that promotes public policies favorable to business interests such as NAFTA, which also promotes public policy initiatives in favor of human development and has declared itself opposed to Donald Trump's immigration actions.
Since 1978, the Business Roundtable has published statements on the principles of corporate governance.
In recent times, the organization has advocated for immigration reform that opens the doors and facilitates the arrival and stay in the United States of skilled labor but also of agricultural workers.
Corporate governance model that will promote the BRT:
1. Create value for the consumer to meet or exceed their expectations.
2. Invest in employees through fair compensation, benefits, training and education in new skills, promoting inclusion.
3. Negotiate fairly and ethically with suppliers, being good partners.
4. Support the communities in which they operate, protecting the environment with sustainable practices.
5. Generate long-term value for shareholders who provide the capital.
The Business Roundtable (BRT) brings together the CEOs of 181 of the largest corporations in the United States, from Amazon to Xerox, Walmart, Apple, Exxon Mobil, AT&T, Ford, JP Morgan Chase, General Motors, Johnson & Johnson, Lockheed Martin , Cummins, Boeing, Cisco Systems, IBM, Marriot, Amazon, American Airlines, American Express, Apple, BlackRock, Coca-Cola, among many others.
These corporations have more than 15 million Chile Mobile Number List employees and annual revenues of more than 7 billion dollars, they pay 296 billion dollars to shareholders and donate 8 billion dollars to social initiatives.
These businessmen came together in mid-2019 to establish a code of ethics where they assume a radical change of vision about the objective of their corporations and not only focus on economic profits, but also think about employees, customers and communities. in which they operate.
In the code of ethics established by BRT, it is committed to five specific points:
Deliver valuable services or goods to your customers.
Invest in your employees and compensate them fairly
Negotiate fairly and ethically with suppliers.
Support the communities in which companies are located.
Generate long-term profitability for shareholders.
The document implicitly recognizes that large companies have a responsibility that goes beyond ensuring the return on investments and that too many citizens suffer poverty while the consortiums have record profits year after year.
Jamie Dimon, head of the Business Roundatble and executive president of the JP Morgan Chase bank, highlighted that this business direction is linked to a vision of sustainability over time.
He said that “the American dream is alive but it is fading. “Large employers are investing in their workers and their communities because they know that is the only way to be successful in the long term.”
"These modernized principles reflect the business community's strong commitment to continuing to drive an economy that serves all Americans," he added.
In the document signed by the directors and presidents of business councils, the Business Roundtable made a commitment for its corporations to go from only creating value for shareholders, a situation that will now be extended to its clients, to offer them greater value and exceed their expectations. ; to its employees, to invest in them, starting with fair compensation and giving them all kinds of social benefits.
The declaration of principles emphasizes that Americans deserve an economy that allows them to live a life of meaning and dignity through their work and creativity.
It also holds the belief that the free market system is the best way to generate good jobs, a strong and sustainable economy, innovation, a healthy environment and economic opportunities for all.
It is estimated that this declaration is an important change not only in the terms of income distribution, in which employees, governments, etc. participate, but in terms of offering better quality products to customers and taking care of suppliers.
For his part, Larry Fink, CEO of BlackRock and member of BRT, called on companies to strive to achieve a positive impact on society, in addition to generating profits.
What is the Business Roundtable (BRT)
The BRT defines itself as a non-profit association that promotes public policies favorable to business interests such as NAFTA, which also promotes public policy initiatives in favor of human development and has declared itself opposed to Donald Trump's immigration actions.
Since 1978, the Business Roundtable has published statements on the principles of corporate governance.
In recent times, the organization has advocated for immigration reform that opens the doors and facilitates the arrival and stay in the United States of skilled labor but also of agricultural workers.
Corporate governance model that will promote the BRT:
1. Create value for the consumer to meet or exceed their expectations.
2. Invest in employees through fair compensation, benefits, training and education in new skills, promoting inclusion.
3. Negotiate fairly and ethically with suppliers, being good partners.
4. Support the communities in which they operate, protecting the environment with sustainable practices.
5. Generate long-term value for shareholders who provide the capital.
