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Business Group Issues Statement on Purpose of a Corporation, including Investing in Employees

In August, the Business Roundtable issued a “Statement on the Purpose of a Corporation,” which lauded the free-market system and stated that Americans “deserve an economy that allows each person to succeed through hard work and creativity and to lead a life of meaning and dignity.”  The statement went on to talk about the vital roles played by businesses in the economy. In the heart of the statement, it states that “While each of our individual companies serves its own…

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Court Enjoins EEOC From Treating Guidance on Use of Criminal Records as Binding

In August, the U.S. Court of Appeals in New Orleans granted an order enjoining the U.S. Equal Employment Opportunity Commission from treating its guidance on the use of criminal records as binding.  The State of Texas had sued the EEOC over the guidance, claiming that the guidance was substantive rule and that the EEOC did not have the authority to issue substantive rules.  Texas sought a declaratory judgment as well as the injunction. The EEOC issued the guidance in 2012…

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