Corporate Governance | Page 6 | Business Roundtable

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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 to Federal Reserve on Enhanced Prudential Standards

BRT has serious concerns about the governance provisions in the Federal Reserve Board’s proposal, which would require GECC’s board of directors to include a minimum of two members who are independent of GE and GECC management and independent of GE’s board of directors.

BRT Letter in Response to Recent SEC Announcements on Conflicting Proposals

The SEC's announcement has already and will continue to significantly affect board deliberations at companies that intended to seek exclusion of stockholder proposals because the board had planned to submit a company proposal on the same topic.

Amicus brief in Wal-Mart Stores Inc. v. Trinity Wall Street

An important function of the API, BRT, and the Chamber (collectively, “amici curiae”) is to represent the interests of their members in matters before Congress, the Executive Branch, and the courts. To that end, the amici curiae regularly file briefs in cases raising issues of concern to the nation’s business community.

At Davos, So Many Topics for Business Leaders

As always, this week's meeting of the World Economic Forum at Davos, Switzerland, offers journalists a wealth of interview possibilities, including sit-downs with CEOs of major global companies who also are members of Business Roundtable.

From CNBC, here's a collection of the most recent interviews, covering a wide range of topics from Aetna's plans to raise its employees' wages, to net neutrality, to the necessity of tax reform and educational quality to improve economic growth. 

We'll add more citations as they come in.

Legislation Lets Companies Better Manage Risk

The Dodd-Frank Act was passed with the intent of exempting companies outside the financial services business from margin and clearing requirements when these companies use derivatives to manage and reduce business risk, rather than taking speculative risk.  Of course, for these companies – known as end-users – the devil turned out to be in the details.

Chevron and Ecuador: Legitimate Arguments against an Illegitimate Lawsuit

Judges have the legal authority to stop trial lawyers from cashing in on lawsuits that rely on fraud to produce illegitimate judgments in foreign courts, Business Roundtable and top legal scholars argue in a friend-of-the-court brief filed in the U.S. Court of Appeals for the Second Circuit.
 

New Fed Proposal on Derivatives Regulation is Step in the Right Direction

Washington – Business Roundtable President John Engler issued the following statement on the over-the-counter derivatives regulation re-proposed today by the Board of Governors of the Federal Reserve System and other financial regulators

New SEC Guidance Concerning Proxy Advisory Firms a Good First Step

More Substantial Reform Needed to Ensure Accountability by Proxy Advisory Firms and Their Clients.

America’s Business Leaders Applaud House Passage of Meaningful Derivatives Regulation Reform; Call on Senate to Act

Business Roundtable today welcomed passage by the U.S. House of Representatives of H.R. 4413, the Customer Protection and End User Relief Act, which includes key end-user provisions.

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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.