NEW:  Former Delaware Supreme Court Chief Justice Leo E. Strine, Jr. and USC Law Professor Dorothy Lund discuss corporate prioritization of stockholder interests served by increased assumption of debt and economic risk over financial soundness, sustainable wealth creation and employee interests as shortcomings that have contributed to the negative effects on the U.S. economy caused by the coronavirus pandemic in How Business Should Change After the Coronavirus Crisis – How to restore strength and fairness to our economy.

NEW: The National Center for Public Policy Research asks BlackRock to reconsider its commitment to a stakeholder, rather than stockholder primacy model of business purpose, citing the need to help the U.S. economy recover from the effects of the coronavirus pandemic in Open Letter to Blackrock CEO Larry Fink.

Fasken Martineau observes that although the Business Roundtable’s 2019 Statement proposing a shift away from shareholder primacy has been criticized as likely to undermine corporate effectiveness, Canadian corporations have effectively functioned under such a system for some time in Shareholder Governance, “Wall Street” and the View from Canada.

Wachtell’s Martin Lipton discusses the need to prioritize companies’ long-term growth and sustainability, and a framework for corporate governance promoting those priorities in Embracing the New Paradigm.

Wachtell’s Martin Lipton responds to arguments by the Council of Institutional Investors opposing a shift away from shareholder primacy proposed by the Business Roundtable’s 2019 Statement in Wachtell Lipton Discusses Purpose, Stakeholders, ESG, and Sustainable Long-Term Investment.

Veritas Executive Compensation’s Frank B. Glassner discusses the implications of the Business Roundtable’s 2019 Statement for corporate sustainability reporting in A Common-Sense Approach to Corporate Purpose, ESG and Sustainability — which is strikingly similar to Morrow Sodali’s John C. Wilcox’s October 26, 2019 discussion of the implications of the Business Roundtable’s 2019 Statement for corporate sustainability reporting, also titled A Common-Sense Approach to Corporate Purpose, ESG and Sustainability.

Seiden Krieger Executive Search’s Steven A. Seiden discusses considerations for recruitment of corporate directors in view of the Business Roundtable’s 2019 Statement. Recruiting ESG Directors.