Corporate Governance | Page 3 | 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 American economy, Business Roundtable members uphold the highest standards of ethics, integrity and sound governance. Our CEO members represent the best in responsible corporate citizenship, supporting jobs and long-term economic opportunity in communities across the United States.

Read our comments on regulation.

Engler Testimony Before House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises

Business Roundtable President John Engler recently testified during the hearing, "Corporate Governance: Fostering a System that Promotes Capital Formation and Maximizes Shareholder Value."

BRT Letter Supporting Key Provisions of Financial CHOICE Act

America’s business leaders have consistently called upon Congress and the Administration to adopt smarter, more effective approaches to financial services regulation that target systemic economic risks without limiting business creativity and innovation.

America’s CEOs Issue Updated Guidance for Companies

Business Roundtable today published the 2016 Principles of Corporate Governance — providing public companies with the most modern guidance for upholding the highest ethical standards and delivering long-term economic value.

Leading on Corporate Governance

American workers, shareholders and citizens benefit when companies operate under the highest standards of governance. Business Roundtable promotes governance practices that uphold the highest ethical standards, deliver value to customers and shareholders, and expand economic opportunity for employees and their families. 

BRT Letter on SEC Corporate Disclosure Concept Release

Our members believe that informative, clear and usable disclosures are essential to thriving capital markets and place a high value on modernizing and improving disclosures in a manner that continues to provide material information to investors. We agree that a “step-back” look aimed at improving our disclosure regime is appropriate. We are concerned that immaterial line-item disclosures and duplicative disclosure requirements both burden companies and do not provide investors with information necessary to make informed decisions.

BRT Incentive Compensation Comment Letter

We are concerned that the proposed rule, in its current form, is overly prescriptive, could create additional tax compliance difficulties for the individuals and institutions to which it applies, and would make U.S. financial institutions less globally competitive. The proposed rule will also make it difficult for the institutions that pump capital through the U.S. and global economies to attract top talent. In addition, the proposed rule will create burdensome record keeping and corporate governance requirements.

‘Rules Governing Shareholder Proposals Are Broken’

Reforms Should Encourage ‘What’s Good for the Economy’ Long Term

In an op-ed published in today’s The Wall Street Journal, Business Roundtable President John Engler urges changes to the U.S. shareholder proposal system:

Proxy Advisory Firms Need Greater Oversight

The ‘Corporate Governance Reform and Transparency Act of 2016 would improve the transparency and accountability of the proxy advisory process

John Hayes Statement on the “Corporate Governance Reform and Transparency Act of 2016”

Business Roundtable has long advocated for increased supervision of proxy advisory firms by the Securities and Exchange Commission (SEC). Business Roundtable also supports efforts to ensure that investment advisers are exercising appropriate oversight over the proxy advisory firms they retain, consistent with their fiduciary duties as registered investment advisers.

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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, as well as 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.

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 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 that constructive engagement with shareholders benefits both businesses and their investors. The importance of this relationship underscores the need to modernize the shareholder proposal process so that it is robust, productive and oriented toward long-term economic value creation. Business Roundtable has offered recommendations for modernizing the process in Responsible Shareholder Engagement and Long-Term Value Creation.