Business Roundtable

Also found in: Financial, Acronyms, Encyclopedia, Wikipedia.

Business Roundtable

The Business Roundtable is an association of chief executive officers (CEOs) representing the top corporations in the United States, joined together to examine and advocate for public policy that will "foster vigorous economic growth and a dynamic global economy." Established in 1972 by 200 leading executives from major U.S. corporations, the Roundtable was founded upon the idea that business executives should take an increased role in public policy that affects the economics of the American people. The belief is that the basic interests of business closely parallel the interests of average citizens, who are directly involved in the economy as consumers, employees, investors, and suppliers. Thus, business leaders have a responsibility to actively influence the economic well being of the country.

As the Roundtable sees it, one of its principal strengths "is the extent of participation by the chief executive officers of the member companies." CEOs work in task forces on specific topics and issues that currently impact the social and economic well-being of the United States. For example, in 2003, task forces were in place to focus on such issues as civil justice reform, the digital economy, the environment, and security. Each task force is headed by a chief executive, and is assisted by a support staff composed of employees from task force member companies who are experts in the field. Task force members conduct research, craft policy recommendations, and create action plans. They also draft position papers on major issues, which are used in a variety of ways, including congressional testimony.

Activities of the task forces are reviewed by the Roundtable Policy Committee, which is the governing body of the organization. The Policy Committee is composed of all Roundtable CEOs. At the helm of the Roundtable is a chief executive who serves as chairman. The chairman is elected for a one-year term. He or she is assisted by between two to four cochairmen. These executive chairmen, combined with the task force chairmen make up the Planning Committee for the organization. The Planning Committee provides general strategy and guidance.In an effort to ensure that a broad base of information is represented in all decision making, membership in the organization is diversified. Thus, CEOs come from all areas of business and all areas of the United States. Such diversity ensures a cross section of thinking on national issues. Roundtable members also have a continuing liaison with other organizations that are directly involved with the concerns at hand.

Since the millennium, the Roundtable carried out significant Lobbying efforts before the U.S. Congress for passage of the presidential trade negotiating authority (2001); proposed to the george w. bush administration a $300 billion incentive package for economic growth (2002); and announced an unprecedented Climate RESOLVE initiative calling for voluntary action by all businesses to reduce greenhouse gas emissions (2003).

Further readings

BRT. 2003." The Business Roundtable Announces Its Resolve to Voluntarily Control Greenhouse Gas Emissions." Press Release, February 12, 2003.

BRT. 2002. "The Business Roundtable Calls For $300 Billion Growth Package." Press Release, November 21, 2002.

Business Roundtable. Available online at <> (accessed June 18, 2003).

Koffer, Keith. 2001. "BRT Mobilizes Lobbyists, Funds for Trade Negotiating Authority." Congress Daily AM (May 9).

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
The Business Roundtable wants to limit disclosure to directors and executive officers, and the CII is pushing disclosure for everyone employed by an issuer, including its officers.
This article closely examines the limits of Business Roundtable II and, more specifically, sets forth one strategy that can be pursued in the present regulatory climate, in which cost-benefit analysis, although controversial--if not problematic--cannot presently be ignored.
The Business Roundtable can be an influential player in business and economic policy and its trade push could help counter arguments that trade deals send U.S.
economy held back by policy uncertainty and growing conflicts around the world," says Randall Stephenson, chairman of the Business Roundtable and CEO of AT&T.
The Business Roundtable said in its letter to Secretary Jacob Lew that the existing system has effectively avoided double taxation of companies, making cross-border investment and trade easier.
Gardner is part of the Business Roundtable, an association of 211 CEOs of leading U.S.
The Houston Business Roundtable and Houston Area Safety Council has recognised ChemCare, the waste management business of Univar, with its silver award for excellence in safety.
On the afternoon of 18 April, there will be an IBEC-BusinessEurope coordinated EU-US business roundtable.
Subjects addressed include: capital mobilization, transnational structures, and capitalist classes; the transnational capitalist class and tax havens; the Business Roundtable, transnational networks in the Eurozone, and topics specifically related to other regions such as Mexico, Australia, and China.
Note: The Business Roundtable (BAT) released in June 2012 an updated set of principles for corporate governance that reflects "the new circumstances of Dodd-Frank Wall Street Reform and Consumer Protection Act implementation and the continuing evolution of best practices." BRT added that the "principles come at a critical time for the U.S.
During his maiden visit to Pakistan, Sukhbir Singh Badal, Deputy Chief Minister of Indian Punjab, met with Shahbaz Sharif, Chief Minister of Punjab at the recent India-Pakistan Business Roundtable where the two signed agreements to formalize a common business council, establish joint industrial zones, hold business conferences and increase bilateral trade.
The program “Smart Talk” Business Roundtable Luncheon series offers decision-makers an opportunity to bring their business issues, concerns and challenges to the table and let others help them work out the issues and provide amazing tips, tricks and feedback.
Full browser ?