Corporate Governance | Page 2 | Business Roundtable

Contact

  • General Inquiries
    202.872.1260
    info@brt.org
  • Mailing Address
    300 New Jersey Avenue, NW
    Suite 800
    Washington, D.C. 20001
  • Media Contact
    Betsy Andres Stewart
    Senior Director
    bstewart@brt.org

Membership Contact
LeAnne Redick Wilson
Senior Vice President
​lwilson@brt.org

    

What is Business Roundtable

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

More Than Leaders. Leadership.

Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.

About BRT

As business leaders representing every sector of the economy, Business Roundtable members uphold the highest standards of ethics, integrity and sound governance. Our CEO members represent the very best in responsible corporate citizenship, supporting jobs and long-term economic opportunity in communities across the United States.

Comments on Regulation

Leading on Corporate Governance

American workers, shareholders and citizens benefit when companies operate under the highest standards of governance. Business Roundtable promotes governance practices that uphold the highest ethical standards, deliver value to customers and shareholders, and expand economic opportunity for employees and their families. 

BRT Letter on SEC Corporate Disclosure Concept Release

Our members believe that informative, clear and usable disclosures are essential to thriving capital markets and place a high value on modernizing and improving disclosures in a manner that continues to provide material information to investors. We agree that a “step-back” look aimed at improving our disclosure regime is appropriate. We are concerned that immaterial line-item disclosures and duplicative disclosure requirements both burden companies and do not provide investors with information necessary to make informed decisions.

BRT Incentive Compensation Comment Letter

We are concerned that the proposed rule, in its current form, is overly prescriptive, could create additional tax compliance difficulties for the individuals and institutions to which it applies, and would make U.S. financial institutions less globally competitive. The proposed rule will also make it difficult for the institutions that pump capital through the U.S. and global economies to attract top talent. In addition, the proposed rule will create burdensome record keeping and corporate governance requirements.

‘Rules Governing Shareholder Proposals Are Broken’

Reforms Should Encourage ‘What’s Good for the Economy’ Long Term

In an op-ed published in today’s The Wall Street Journal, Business Roundtable President John Engler urges changes to the U.S. shareholder proposal system:

Proxy Advisory Firms Need Greater Oversight

The ‘Corporate Governance Reform and Transparency Act of 2016 would improve the transparency and accountability of the proxy advisory process

John Hayes Statement on the “Corporate Governance Reform and Transparency Act of 2016”

Business Roundtable has long advocated for increased supervision of proxy advisory firms by the Securities and Exchange Commission (SEC). Business Roundtable also supports efforts to ensure that investment advisers are exercising appropriate oversight over the proxy advisory firms they retain, consistent with their fiduciary duties as registered investment advisers.

SEC Letter: BRT Supports NASDAQ Third-Party Compensation Disclosure Efforts

Business Roundtable believes that investors are entitled to the information necessary to make effective investment and voting decisions to advance a company’s long-term interests. Directors serve a vital role in overseeing a company’s business and management, and information relating to directors’ outside compensation arrangements is important to investors. Accordingly, we join NASDAQ’s call for enhanced transparency on this subject.

Business Leaders Add Boardroom Diversity to Best Practices List

New Principle on Identifying Diverse Board Candidates Included in Corporate Governance Guide

Diversity in the Boardroom – A Commitment from America’s Business Leaders

Process for Identifying Diverse Board Candidates Will Help Drive Increased Performance and Growth.

Business Roundtable is increasing its emphasis on promoting diversity in boardrooms of U.S. public companies. Established by CEOs of America’s top companies, the new framework will be included in the forthcoming edition of the Business Roundtable Principles of Corporate Governance.

Pages

Committee Priorities

Corporate Governance

Business Roundtable promotes best practices in corporate governance that focus on long-term value creation, advance the economic interests of workers, shareholders and consumers, and uphold the highest ethical standards. America’s business leaders set the standard for effective, ethical corporate governance in the Business Roundtable Principles of Corporate Governance.

In a forthcoming update to the Principles, the CEOs of Business Roundtable are increasing their emphasis on promoting diversity in the boardrooms of U.S. public companies. Read more about their commitment here.

Smart Financial Regulation

Overly complex and burdensome U.S. financial laws and regulations hamper the ability of U.S. companies to invest and hire, without sufficient compensating social benefit. In particular, several provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act impose needless requirements that do not result in real economic benefit for American workers and families.

Business Roundtable supports smart financial regulation – including improvements to Dodd-Frank – that encourage greater investment and advance America’s competitiveness in the global economy.

Read more about our work to improve Dodd-Frank.

Shareholder Engagement

Business Roundtable believes enhanced, direct engagement with shareholders who are interested in a company’s long-term value is beneficial to both the business and its investors. Business Roundtable supports reform of disclosure requirements that would better allow companies to provide investors with the material information needed to make effective long-term investment and voting decisions.