This is an unprecedented preemption of state corporate law—the bedrock of corporate governance—that will turn the boards of more than 15,000 publicly-traded companies into political bodies and threaten their ability to function.
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.