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.
Washington – “Business Roundtable is disappointed the final SEC whistleblower rules do not protect and reinforce existing internal reporting mechanisms that provide companies the opportunity to self-regulate and self-correct.
“Our member companies, as well as other regulated public companies, have devoted substantial resources to establishing a culture of compliance and integrity within their organizations. Over the past decade, they have adopted robust compliance programs with mechanisms for employees to promptly alert management and the board about potential or actual misconduct without fear of retribution.
“We urge policymakers to reconsider this regulatory overreach by a divided SEC, which impedes the ethical standards and transparency that American companies have worked diligently to foster,” said Business Roundtable President John Engler.