LOS ANGELES – In a move that’s raising eyebrows from workers and patients across the
country, healthcare giant Kaiser Permanente is one of only a handful of the nation’s nearly 200-
largest corporations that refused to sign an Aug. 19 “Statement on the Purpose of a Corporation,”
calling on companies to shift from making shareholders their main focus to including all of their
stakeholders, including employees and the community.
In a Politico article, Kaiser Permanente said it didn’t sign the Business Roundtable pledge
because it is a non-profit and doesn’t have shareholders, even though the statement focuses on
broadening to all stakeholders. Two corporations without shareholders – Guardian Life and New
York Life – did sign the statement.