Corporate Governance | Page 3 | Business Roundtable

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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

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.

Letter: BRT Backs Disclosure of Third-Party Compensation for Board Directors and Nominees

Business Roundtable supports NASDAQ’s efforts to require disclosure of third-party compensation for directors and director nominees.

Congress Encourages Growth for Derivatives End-Users

We applaud Congress for this latest Dodd-Frank fix. Congress has now fully enacted the Business Roundtable financial derivatives reform agenda.

BRT: Comment Letter on ISS 2016 Proposed Voting Policies on Overboarding

The changes to ISS’s current overboarding policies are not warranted. Business Roundtable does not endorse a specific limit on the number of directorships an individual may hold. This question is best addressed by boards and their nominating/governance committees in accordance with procedures adopted to assess the circumstances of individual directors.

SEC Inappropriately Limits Rule Excluding Conflicting Shareholder Proposals

Business Roundtable today expressed disappointment with the announcement by U.S. Securities and Exchange Commission (SEC) staff that it will limit a long-standing rule on conflicting shareholder proposals.

Maintain the Materiality Standard for Public Company Disclosure – It Works

In a new white paper, Business Roundtable details how the materiality standard for determining public company disclosure obligations benefits investors and helps U.S. capital markets function properly.

The Materiality Standard for Public Company Disclosure: Maintain What Works

Policymakers should maintain the materiality standard for determining what information public companies must disclose to investors. The time-tested standard is proven effective in protecting investors and helping them make informed investment and voting decisions.

Maintain the Materiality Standard for Public Company Disclosure

America’s business leaders underscore the importance of upholding a cornerstone of the U.S. securities laws: the “materiality standard” for public company disclosure.

Letter to SEC on Commission's 'Compensation Clawback' Proposal

Business Roundtable objects to SEC’s proposed “compensation clawback” proposal because it unnecessarily exceeds the scope of the mandate set forth in the Dodd-Frank Act and because it is inflexible and unreasonably broad.

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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.