Question

Do you think that the topic of "Purpose" comes into play in corporate governance issues in publicly traded companies? For example, do you think that a lack of professional purpose by shareholders and management has led to the "sorry state of publicly traded companies"?

Answer 1

Lack of purpose makes the whole process meaningless. When shareholders or management do not have a purpose they do not know how to lead the company which automatically makes the company drip. Purpose makes the company create a goal and work inorder to achieve it like serving the public or some other work. Hence purpose plays a very important role in governance of publicly traded companies as purpose is what defines it's status in public. The lack of purpose is what made the shareholders and mangement fail in operating the company and the share values have dropped drastically which led to the sorry state of the publicly traded companies.