Larry Fink's Annual Letter to CEOs - A Sense of Purpose
This letter, written by BlackRock CEO Larry Fink and delivered to CEOs, was selected as a view in strong favor of 'stakeholder theory' based on the following types of expressed views:
- For companies today, delivering financial returns is not enough to sustain long-term growth. Citizens are demanding that companies also serve a social purpose.
- Many believe that the government is failing to prepare society for the future and increasingly are looking to the private sector for broad solutions.
- BlackRock has a fiduciary responsibility to engage with companies in a way that drives long-term, sustainable growth for our clients and thus, we expect all CEOs to articulate how their companies' strategies will bring make a positive contribution to society.
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