Washington – Testifying today on behalf of the Business Roundtable-led Shareholder Communications Coalition, Niels Holch, Executive Director of the Coalition, told members of the House Subcommittee on Capital Markets and Government Sponsored Enterprises that the Securities and Exchange Commission (SEC) must reform the shareholder communications and proxy voting system to enable direct communications with shareholders, improve transparency and accountability and ensure that shareholder votes are verifiable and auditable.
U.S. corporations employ millions of American workers, create opportunity for employees and shareholders, drive innovation, improve the lives of consumers, and provide health care and other benefits to American families. The way corporations are governed directly affects the well-being of employees, shareholders and consumers.
Business Roundtable advocates for corporate governance policies that help create long-term value, advance the economic interests of workers, shareholders and consumers, and uphold the highest ethical standards.