Twelve reasons why boards and executives should be clear that profit is not the purpose of their company. Issue 175 (10th May 2021)

• Record Type: Journal Article
• Authors: Kravatzky, Axel; Stephens, Mark
• Is Part Of: Board leadership. Volume 2021:Issue 175(2021)
• Page Start: 1
• Page End: 8
• Publication Date: 2021-05-10
• Subjects: Corporate governance -- Periodicals; Nonprofit organizations -- Periodicals; 650
• DOI: 10.1002/bl.30188
• Languages: English
• ISSNs: 1061-4249

Abstract

Abstract : Leaders of companies are increasingly expected to ensure that their companies fulfill a purpose beyond profits. Many still have doubts, and privately believe the real purpose of the company is simply to make a profit. Here, Dr. Axel Kravatzky and Mark Stephens summarize twelve arguments why profit alone is not, cannot, and ought not be purpose of a company .