It's been almost exactly two years since the Business Roundtable - a DC-based advocacy group comprised of the country's biggest companies - updated its mission statement to include stakeholders like employees and communities alongside shareholders. The move signaled a change in approach that Leadership Next's Alan Murray calls "transformational." As co-host Ellen McGirt points out however, skeptics continue to say this is all just talk, not substantive change.

So today, Alan and Ellen check in with the head of the Business Roundtable - Josh Bolten - to hear the arguments he offers critics. They also discuss implementing standards to better measure the impact of the stakeholder approach, how the pandemic has impacted adherence to the stakeholder model, and Bono (yes, that Bono).