Business Leaders Announce Commonsense Corporate Governance Principles

Representatives from some of America’s largest corporations and investment managers have issued “commonsense” corporate governance principles. The news is not what they said — these are pretty standard best practices endorsed by groups like the National Association of Corporate Directors — the news is who said it, because it is coming from insiders, who call on their fellow corporate executives to commit to robust board refreshment, majority vote, proxy access and informal nomination of director candidates from shareholders, and more. Participants include:

Tim Armour, Capital Group
Mary Barra, General Motors Company
Warren Buffett, Berkshire Hathaway Inc.
Jamie Dimon, JPMorgan Chase
Mary Erdoes, J.P. Morgan Asset Management
Larry Fink, BlackRock
Jeff Immelt, General Electric
Mark Machin, Canada Pension Plan Investment Board
Lowell McAdam, Verizon Communications
Bill McNabb, Vanguard
Ronald O’Hanley, State Street Global Advisors
Brian Rogers, T. Rowe Price
Jeff Ubben, ValueAct Capital

Source: Commonsense Corporate Governance Principles

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