The Tata Group’s RTEF transactions have made stakeholders sit up: its brand equity may be at stake
The argument that a public listing would get in the way of Tata charity draws inspiration not only from the group’s record as a do-gooder at home, but also from a US Business Roundtable shift in 2019, when over 180 CEOs pledged to “lead their companies for the benefit of all stakeholders” (customers, employees, suppliers and communities included), and not just their own share owners.
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