The US Business Roundtable issued a new statement in 2019, shifting focus from shareholder interests to all stakeholders. Some scholars are skeptical, citing potential harm from short-term thinking. Japan's Corporate Governance Code also emphasizes stakeholder cooperation. The US is not fully ready for this shift, but studies show benefits of prioritizing stakeholders. A new corporate governance project in the US may consider stakeholder interests alongside shareholders, as long as long-term shareholder interests are protected.