The report highlights the importance of corporate purpose in the board's oversight role. In the past two years, the world has seen a renewed focus on racial, economic, and environmental issues, and companies are being called upon to generate positive social impact. Corporate boards have an opportunity to respond to this demand by defining their purpose broadly and addressing a range of stakeholders. The report suggests that organizations that define their purpose widely and acknowledge their responsibility to customers, employees, and communities, while also generating long-term value to investors, will thrive in the future. The report also notes that businesses have a moment right now to engage with stakeholders who they may have failed to fully recognize in the past.
