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CED policy statements on corporate governance issues have analyzed, first, how corporations could regain the public's trust in the wake of the Enron-WorldCom scandals; second, how corporate directors could promote the long-term enduring qualities of their enterprises rather than give in to financial market "short-termism;" and third, how corporations can rebuild their leadership by linking long-term performance with societal goals.
CED's work on this issue seeks to address the crisis in confidence about business' ability to govern itself and to be accountable in the wake of the Great Recession. Corporate leaders must balance risk-taking (innovation and creativity) with risk-management (financial and operational discipline) and fuse high performance with high integrity to create durable, sustainable growing economic enterprises that benefit shareholders and other critical stakeholders. CED also is exploring the role institutional investors play in encouraging strong governance practices and long-term performance in companies in their portfolios. Investors play a critical role in corporate governance and face some governance and accountability issues, based on separation of ownership from control, similar to those of the companies they own.
"Now is the time for the business community to think seriously about its interdependent relationship with the broader society. Now is the time to reevaluate failed strategies and to think about how we might do things differently."
- William Donaldson, CED Trustee and former Securities and Exchange Commission Chairman. |
What's NewEvents Thursday, November 10, 2011 Charles Kolb to speak at Investor Responsibility Research Center (IRRC) report release CED President Charles Kolb will speak at Investor Responsibility Research Center (IRRC) Institute and the Sustainable Investment Institute (SI2) lunch press conference to discuss a... read moreMonday, October 3, 2011 Are Institutional Investors Part of the Problem or Part of the Solution? New paper calls for national database on governance and practices of institutional investors
Washington, D.C. October 3, 2011. The Committee for Economic Development (CED) and the... read moreFriday, April 22, 2011 Dinner on the Future of Capitalism The Committee for Economic Development hosted a policy dinner on April 20, 2011 in New York City, to discuss the future of capitalism. Roger... read moreNews Wednesday, November 2, 2011 Help Wanted at the Top, Collaborative Skills Needed; Women May Apply By Judith Samuelson for Huffington Post
Here's the challenge. To our core, going right back to the Dutch East India Company's role in settling America's largest... read moreThursday, September 16, 2010 CED Trustee Ed Kangas Elected to the Corporate Governance Hall of Fame The 2010 NACD Directorship 100 Recognizes the Most Influential People in Corporate Governance
PR Newswire
The National Association of Corporate Directors (NACD) announced the honorees today of... read moreMonday, January 25, 2010 Restoring Trust in Corporate Governance: Six Essential Tasks for Boards of Directors and Business Leaders CED Statement Aims to Focus Directors and Executives on Governance Essentials in Time of Economic Turmoil and Change
If American business leaders are to restore public... read moreReports Wednesday, February 18, 2009 Rebuilding Corporate Leadership How Directors Can Link Long-Term Performance with Public Goals (2009)
This report examines how efforts to build public trust and long-term value have coalesced to encourage... read moreWednesday, February 11, 2009 Corporate Governance Practices to Restore Trust, Focus on Long-Term Performance, and Rebuilding Leadership Summary of the three CED corporate governance reports: Private Enterprise, Public Trust: The State of Corporate Governance After Sarbanes-Oxley (2006); Built to Last: Focusing Corporations... read moreWednesday, June 27, 2007 Built to Last Focusing Corporations on Long-Term Performance (2007)
This report addresses the increasingly short-term focus by many business leaders that is damaging the ability of public companies to... read moreCommentary Wednesday, September 29, 2010 Remarks by Roger W. Ferguson, Jr. President and CEO, TIAA-CREF CED Corporate Governance Forum
New York, New York
I’m honored to be here to begin today’s discussion about the effects of regulatory reform on institutional investing.The company... read moreTuesday, July 27, 2010 Making Sense of Clawbacks and Holdbacks By Ben W. Heineman Jr., former Senior Vice-President for Law and Public Affairs, General Electric, currently Senior Fellow, Harvard Law School and Harvard's Kennedy School of... read moreTuesday, July 20, 2010 The Building Blocks of Corporate Statesmanship By Charles Kolb for the Huffington Post
Jørgen Vig Knudstorp is not a household name in America. And those few who may know him probably can't... read more |
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