Testimonials

"Recently, a group of prominent and influential business leaders issued what could turn out to be an historic declaration of independence for corporate boards. … the thirteen-point manifesto should be greeted with cheers. It’s a quiet, sober and carefully worded proclamation calling for the private sector to wean itself from pressures to achieve short-term shareholder value in favor of long-term growth."

Peter Georgescu, Chairman Emeritus, Young & Rubicam 8/10/16

“...the principles should be on the agenda at the next board governance committee meeting of companies large or small, publicly traded or private.”

Michael Peregrine, Partner, McDermott Will & Emery 8/1/16

"We welcome the commitment to good corporate governance demonstrated by Warren Buffett and other business leaders and leading investors, not only in America but across the world."

Barry C. Melancon, President and Chief Executive Officer, American Institute of CPAs & Charles Tilley. Chief Executive, Chartered Institute of Management Accountants 7/28/16

“We are pleased to see that the principles supported by this esteemed group promote the same concepts of transparency, long-term value creation, and independent board leadership that NACD champions. ... Our robust portfolio of governance resources—developed for directors, by directors—can assist boards in implementing these practices.”

Ken Daly, CEO, National Association of Corporate Directors 7/25/16

"In many respects, the 'Commonsense Principles' is one of the most substantive statements of corporate governance principles since the 2012 release by The Business Roundtable association, of its 'Principles of Corporate Governance.'"

The National Law Review 7/22/16

"Investors should be very pleased to see that the principles include a call for the use of non-GAAP measures to be sensible and for them not to be used to obscure GAAP results, Borrus says. 'The use of non-GAAP numbers has been growing and it’s been a concern, and this suggests this will support the message the SEC is now trying to drive home to companies to clean up their financial reporting,’ she says."

Amy Borus, Deputy Director, Council of Institutional Investors 7/22/16

“[Banks] are doing an injustice, frankly, to the market at large, and to our own shareholders, in terms of trying to be that specific … projecting quarter to quarter”

Kelly King, Chairman and CEO, BB&T 7/21/16

"[I]t's nice to see CEOs of these companies supporting the core principles that have been advocated for a while."

Charles Elson, Director, University of Delaware Corporate Governance Center 7/21/16

[The goal] “is to drive best governance practices through companies of all sizes, not just the biggest—where they are more common today... [Gaining support from leaders of large businesses] 'brings additional weight behind these ideas.'"

Glenn H. Booraem, Fund Treasurer, Vanguard 7/21/16

“That such an elite group has backed a broad governance framework makes clear that corporate governance has entered the mainstream and should be a focus for all public companies. ... The publication of these principles is a call to action for U.S. companies large and small to adopt effective corporate governance standards and practices.”

Ken Bertsch, Executive Director, Council of Institutional Investors 7/21/16

"I think it shifts the burden of proof onto any corporation that doesn't comply," noting she was "delighted the signatories are such influential people. … Overall, I think this is great. They’re a little late to the party, but I like that they’ve arrived."

Nell Minow, Vice Chairman, ValueEdge Advisors 7/21/16

“These principles are music to our ears. … Sound corporate governance can lead to better long-term growth and performance at public companies.”

Nelson Peltz, Founding Partner and Chief Executive Officer, Trian Partners 7/21/16