Final answer:
The Business Roundtable statement did not affirm the older shareholder primacy doctrine approach.
Step-by-step explanation:
The statement is false. The Business Roundtable is an organization composed of CEOs of major corporations in the United States.
In 2019, the Business Roundtable released a statement that updated its definition of the purpose of a corporation.
The statement declared that corporations should serve not only their shareholders but also other stakeholders, including employees, customers, suppliers, and communities.
This marked a shift away from the traditional shareholder primacy doctrine and towards a stakeholder-centric approach.