The Business Roundtable is recognized as an authoritative voice on matters affecting American business corporations. It supports the following guiding principles of corporate governance: The paramount duty of the board of directors of a public corporation is to select a Chief Executive Officer and to oversee the CEO and other senior management in the competent and ethical operation of the corporation on a day-to-day basis.
It is responsibility of management to operate the corporation in an effective and ethical manner in order to produce value for stockholders.
Although the Principles do not spell out the environmental concerns explicitly, they are covered by the requirement to operate corporations in an ‘ethical manner’. Also the Business Roundtable trusts that the most effective way to enhance corporate governance is through conscientious and forward-looking action by a business community that focuses on generating long-term stockholder value with the highest degree of integrity.
