Mexico | Corporate social responsibility isn't incompatible w/maximizing shareholder value

Summary

Fifty years ago, Milton Friedman wrote a column in The New York Times that had a significant influence over several decades. Friedman's central thesis was that the sole social responsibility of companies should be to maximize shareholder profits.

Key points

• Key points:
• Today many companies have social responsibility goals on their agenda, particularly in environmental, social and governance (ESG) issues.
• There are those who say that companies should have an ESG agenda because they have to watch out not only for shareholders but also for stakeholders (employees, the community, etc.)

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