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.
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.
Recent Activities in Corporate Governance
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.
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.
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.
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.
America’s business leaders underscore the importance of upholding a cornerstone of the U.S. securities laws: the “materiality standard” for public company disclosure.