Corporate Governance | Page 7 | 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.

Legislation Lets Companies Better Manage Risk

The Dodd-Frank Act was passed with the intent of exempting companies outside the financial services business from margin and clearing requirements when these companies use derivatives to manage and reduce business risk, rather than taking speculative risk.  Of course, for these companies – known as end-users – the devil turned out to be in the details.

Chevron and Ecuador: Legitimate Arguments against an Illegitimate Lawsuit

Judges have the legal authority to stop trial lawyers from cashing in on lawsuits that rely on fraud to produce illegitimate judgments in foreign courts, Business Roundtable and top legal scholars argue in a friend-of-the-court brief filed in the U.S. Court of Appeals for the Second Circuit.

New Fed Proposal on Derivatives Regulation is Step in the Right Direction

Washington – Business Roundtable President John Engler issued the following statement on the over-the-counter derivatives regulation re-proposed today by the Board of Governors of the Federal Reserve System and other financial regulators

New SEC Guidance Concerning Proxy Advisory Firms a Good First Step

More Substantial Reform Needed to Ensure Accountability by Proxy Advisory Firms and Their Clients.

America’s Business Leaders Applaud House Passage of Meaningful Derivatives Regulation Reform; Call on Senate to Act

Business Roundtable today welcomed passage by the U.S. House of Representatives of H.R. 4413, the Customer Protection and End User Relief Act, which includes key end-user provisions.

U.S. Supreme Court Reins in Shareholder Litigation, to a Degree

The U.S. Supreme issued a highly anticipated ruling today in Halliburton v. Erica P. John Fund, giving companies an early opportunity to challenge class-action securities lawsuits but declining to reverse a quarter-century-old ruling that encouraged investors to sue companies based on the "fraud of the market presumption." (See opinion, SCOTUSblog case entry.)

BRT Letter to House on the Customer Protection and End-User Relief Act

Business Roundtable strongly supports important provisions included in H.R. 4413 that will reform derivatives regulation to focus more effectively on addressing potential systemic economic risk.

When Settlements Make Sense

Good news from the Second Circuit.

Bloomberg, "Citigroup Wins Order Reviving $285 Million SEC Accord":

Citigroup Inc. (C) succeeded in its bid to force a Manhattan federal judge to reconsider his rejection of a $285 million mortgage-securities settlement with the Securities and Exchange Commission as a federal appeals court assailed his move as an abuse of discretion.

BRT Comments on SEC Pay Ratio Rule

Business Roundtable, representing CEOs of leading U.S. companies from every sector of the economy, today raised questions about the efficacy, relevance and value to investors of the CEO pay ratio rule proposed by the Securities and Exchange Commission (SEC). The Roundtable noted that compliance with the proposed rule would be unnecessarily costly and burdensome and offered recommendations for revising it to make it significantly more practical to implement.


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.