Corporate Governance | Page 4 | 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.

SEC Letter: BRT Supports NASDAQ Third-Party Compensation Disclosure Efforts

Business Roundtable believes that investors are entitled to the information necessary to make effective investment and voting decisions to advance a company’s long-term interests. Directors serve a vital role in overseeing a company’s business and management, and information relating to directors’ outside compensation arrangements is important to investors. Accordingly, we join NASDAQ’s call for enhanced transparency on this subject.

Business Leaders Add Boardroom Diversity to Best Practices List

New Principle on Identifying Diverse Board Candidates Included in Corporate Governance Guide

Diversity in the Boardroom – A Commitment from America’s Business Leaders

Process for Identifying Diverse Board Candidates Will Help Drive Increased Performance and Growth.

Business Roundtable is increasing its emphasis on promoting diversity in boardrooms of U.S. public companies. Established by CEOs of America’s top companies, the new framework will be included in the forthcoming edition of the Business Roundtable Principles of Corporate Governance.

Letter: BRT Backs Disclosure of Third-Party Compensation for Board Directors and Nominees

Business Roundtable supports NASDAQ’s efforts to require disclosure of third-party compensation for directors and director nominees.

Congress Encourages Growth for Derivatives End-Users

We applaud Congress for this latest Dodd-Frank fix. Congress has now fully enacted the Business Roundtable financial derivatives reform agenda.

BRT: Comment Letter on ISS 2016 Proposed Voting Policies on Overboarding

The changes to ISS’s current overboarding policies are not warranted. Business Roundtable does not endorse a specific limit on the number of directorships an individual may hold. This question is best addressed by boards and their nominating/governance committees in accordance with procedures adopted to assess the circumstances of individual directors.

SEC Inappropriately Limits Rule Excluding Conflicting Shareholder Proposals

Business Roundtable today expressed disappointment with the announcement by U.S. Securities and Exchange Commission (SEC) staff that it will limit a long-standing rule on conflicting shareholder proposals.

Maintain the Materiality Standard for Public Company Disclosure – It Works

In a new white paper, Business Roundtable details how the materiality standard for determining public company disclosure obligations benefits investors and helps U.S. capital markets function properly.

The Materiality Standard for Public Company Disclosure: Maintain What Works

Policymakers should maintain the materiality standard for determining what information public companies must disclose to investors. The time-tested standard is proven effective in protecting investors and helping them make informed investment and voting decisions.


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.