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Expert Analysis

How Changing Corporate Purpose May Affect D&O Insurance

By William Passannante (August 28, 2019, 1:55 PM EDT) -- In an update of the Business Roundtable's "Statement of the Purpose of a Corporation," nearly 200 member CEOs eschew a sole focus on the shorter-term interests of shareholders in favor of "a fundamental commitment to all of our stakeholders." Those stakeholders are specified as employees, suppliers, communities and shareholders....

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