Purpose of a Corporation: What It Means to CEO Scott Stephenson

This time last year, I joined my peers on the Business Roundtable in signing the Statement on the Purpose of a Corporation. At its core, the statement affirms that the best companies have always known that serving our teammates, customers, and communities is the reliable path to creating long-term value for shareholders.

  • Scott Stephenson
  • Chairman, President, and CEO

As one of 181 CEOs who signed the BRT’s Statement on the Purpose of a Corporation, Scott is committed to lead Verisk for the benefit of all stakeholders. The statement indicates that companies should serve not only their shareholders, but also deliver value to their customers, invest in employees, deal fairly with suppliers, and support the communities in which they operate.

On the first anniversary of the statement release, Scott shares his insights in our two-part video series.

In Part 1, hear Scott’s thoughts on how Verisk balances short-term profits with long-term stakeholder value, what he’s most proud of, and innovations he’s most excited about. In Part 2, Scott talks about how the role of the CEO has changed over the past few years and where he draws his inspiration.

 

One Year Later: Reflecting on BRT's Purpose of a Corporation (Part 1)

 

One Year Later: Reflecting on BRT's Purpose of a Corporation (Part 2)