Comprehensive Legislation to Eliminate Skewed Market Incentives and Return to the Era When American Corporations and American Workers Did Well Together
•Empowers workers at United States corporations to elect at least 40% of Board members
•Restricts the sales of company shares by the directors and officers of
•Permits the fed to revoke the charter of a United States corporation if the company has engaged in repeated and egregious illegal conduct
💥Warren's bill would also impose a lifetime ban on lobbying for presidents and federal lawmakers, and would bar U.S. lobbyists from using foreign cash to affect American policy.
💥It would bind Supreme Court justices to a code of conduct recognized by other federal judges.
💥the measure would require presidential candidates to share years of previous tax returns every year
💥In pursuit of ending both the appearance and the potential for financial conflicts of interest, Warren's bill would prohibit federal lawmakers, judges, Cabinet secretaries and other
💥It requires ultra-large corporations, which are too big to be controlled by the states that charter them, to receive a federal charter as well.
💥It requires the boards of these mega-firms to consider the interests of more than just mega-shareholders in corp.
💥Requires the mega-firms to include worker representation on their boards, to disclose their political lobbying activities, and to receive 75% board and shareholder app.
The Accountable Capitalism Act is meant to begin to restore some semblance of that pragmatic balance among growth, inclusivity, and responsibility that was
These were the minimal ‘strings’ attached to those extraordinary privileges – including limited liability (a synonym for which is ‘limited accountability’)