Corporate Governance | Page 24 | Business Roundtable

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​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

Letter from Coalition From Derivatives End-Users to The Honorable Harry M. Reid

Dear Senator Reid: The undersigned companies and trade associations support efforts by Congress to improve transparency, accountability and stability in the nation’s financial markets

Broad-Based Coalition Highlights Critical Importance of Derivatives for Risk Management

The Coalition for Derivatives End-Users today sent a letter signed by more than 170 organizations to every member of Congress urging them to preserve the ability of companies to manage their individual risk exposures by ensuring access to reasonably priced and customized over-the-counter (OTC) derivative products.

BRT's Partnership for Disaster Response Releases Findings of 2009 Flu Season Survey

Business Roundtable’s Partnership for Disaster Response today released the findings of its 2009 Flu Season Survey, which provides insights on how companies are preparing for H1N1 Influenza, flu season and their top concerns about the potential effects on employees, customers and business operations.

Leading U.S. Companies Are Prepared for Flu Season but Still Have Major Concerns

Business Roundtable’s Partnership for Disaster Response today released the findings of its 2009 Flu Season Survey, which provides insights on how companies are preparing for H1N1 Influenza, flu season and their top concerns about the potential effects on employees, customers and business operations. The survey is a look into the ways that businesses are preparing in light of the 2009 flu season and growing anxiety around the resurgence of H1N1 Influenza.

Letter to SEC on File No. S7 13 09

Business Roundtable has long been a strong advocate for good corporate governance and supports efforts by the SEC to provide investors with more complete and meaningful disclosure.

Business Roundtable Statement on the President’s Remarks on Financial Regulatory Reform

Business Roundtable members commend President Obama for focusing on the vitally important issue of financial regulatory reform, and we agree that we must use this opportunity to restore confidence in the system. It is important that reforms be sensible, balanced and aimed at solving the problems that caused the financial crisis while protecting economic recovery, job growth and innovation.

Letter to SEC on Proxy Access

Ms. Elizabeth M. Murphy
Secretary
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549‐1090

Re: File No. S7‐10‐09
Facilitating Shareholder Director Nominations

Dear Ms. Murphy:

BRT Comment Letter to SEC on File No S7-10-09

We appreciate the opportunity to once again provide our views on Commission rulemaking to require companies to include shareholder nominees for director in company proxy materials under certain circumstances.

BRT Statement on House Vote on Corporate and Financial Institution Compensation Fair of 2009

We are deeply disappointed in the outcome of the House vote today. Federal intervention and mandated actions are no substitute for the individual relationships of shareholders and boards of directors.

Business Roundtable Statement on Corporate and Financial Institution Compensation Fairness Act of 09

We have serious concerns with the approach taken by the committee today. Government mandated actions as a substitute for decisions made by shareholders takes us in the wrong direction. This policy – implemented on an annual basis – may only exacerbate the focus on short-term gains at the expense of long-term economic growth and job creation, a factor identified as a cause of the financial crisis.

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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.