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New OECD Corporate Governance Principles Agreed
www.uscib.org/index.asp?DocumentID=2836
OECD members have approved new principles on corporate governance that will set more demanding standards on the protection of shareholders' interests than the 1999 guidelines they replace. The new guidelines will be formally approved at the annual OECD ministerial meeting in mid-May.
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Edward Galante of Exxon Mobil Elected Vice Chair of USCIB
www.uscib.org/index.asp?documentID=2880
Edward G. Galante, senior vice president with Exxon Mobil Corporation, has been elected a vice chairman of USCIB, it was announced following the April meeting of USCIB’s board of directors.
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Labor’s Misguided Complaint on China
www.uscib.org/index.asp?DocumentID=2864
A broad coalition of business groups has successfully beat back the AFL-CIO’s petition to pressure China to improve its labor conditions by unilaterally imposing steep tariffs on Chinese goods.
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Williamson Nominated to Key Ethics Post
www.uscib.org/index.asp?documentID=2882
On March 11, President Bush announced his intention to nominate Edwin Williamson to a five-year term as director of the federal Office of Government Ethics. Mr. Williamson, a partner with Sullivan & Cromwell, had been slated to assume the role of BIAC chairman this May.
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