Panel 1: Reimagining the Purpose of a Corporation: Idealistic promises or monumental systemic change?
As demographics and technology continue to evolve rapidly, organizations and their leaders are presented with both a myriad of opportunities and the toughest challenges yet. According to recent census reports, Millennials are the largest generation since Baby Boomers and have become a significant influential group in our economy. In alignment with their values, they expect employers to take visible stances and assume responsibility for an organization’s societal impact. Business Roundtable’s statement on “the purpose of a corporation”, issued in 2019, is a direct response to these trends, and also a monumental shift in corporate convention.
Esteemed panelists will reflect on the trend of corporate/CEO activism and will focus on how the growing CEO interest and action in advancing diversity objectives influence the level and focus of internal D&I conversations — the value and best practices of the partnership between the CEO, CHRO and CDO; what challenges they face related to advancing D&I goals within their companies, and how they plan to keep up with the demands of the multigenerational workforce that is currently reshaping the business landscape.