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.
Momentum for America
In 2016, Business Roundtable will focus its efforts on greater job expansion and economic growth – national priorities that are inextricably linked. Informing our plan is our collective business experience as CEOs of America’s leading companies, experience that tells us what it takes to build momentum for the United States in in 2016 and beyond.