Institute business and Society Program. It is my great pleasure today to welcome to the screen with me two fellow travelers of the business side a program come longtime friends of her work hoosier deep knowledge i would say about both the forces any ideas that influence business decisionmaking. The business and Society Program as a take a look at rogers book, a couple of for visit to fully engage with, think black hawk, but also to shift the mindset of Business Executives, what you believe to be true and what they design their businesses to achieve. Over these goals are in pursuit of Better Business outcomes. Rogers brandnew just released today book, hank you roger for being part of this writing muste a part of this journey, fits squarely in this domain. The book is called when more is not better overcoming americas obsession with economic efficiency. Both alan and roger are known to many of you. Roger martin is professor and former dean of the school of management at the university of
You should have a box on your screen that shows how much time is remaining. Some trouble and ive had senators tell me they just cant find that box or they dont see it. Last hearing one of the senators asked me to give them a reminder. I will do that this time for everybody. So at 30 seconds left on your clock, there will be a tone, a bell ring to remind senators and witnesses that their time is a most expired, then at the end of five minutes, another bell will ring. That way we can all know how the clock is working even though we dont find it on our screens. Today we will receive testimony from the securities and Exchange Commission chairman jay clayton regarding the work and the. Genda of the sec thank you for your appearance before the committee today which is essential to our oversight of the sec. And welcome. You last appeared before this committee in december of last year. The covid19 pandemic hit the United States shortly after that hearing and thesec has taken many important ste
Question, we will move to the next senator until resolved. I remind all senators that the five minute clock still aflies. You should have a box on your screen labeled clock that shows how much time is on your screen labeled clock that shows how much time is remaining. But we have had some troubles, and i have had senators who cant find that box or dont see it. And so, in fact, last hearing one of the senators ask me again to get a reminder, i will do that at this time for everybody. So at 30 seconds left on your clock, there will be a tone, a bell ring, to remind senators and the witnesses that their time has almost expired. At the end of the five minutes, a bill will ring. That way we can all know how the clock is working, even though we dont find it on our screens. Today we will receive testimony from the security and Exchange Commission chairman jay clayton, regarding the work and agenda of the sec. I thank you chair clayton for your appearance before the committee today, which is e
The foretwoity was an intent. I think thats something that we should all explore. Thank you. I have worked on legislation. Its a little late in this session under your tenure that would create guardrails and prevent these kinds of failures and abuses. I think your comments were appropriate. We allow companies to still do they have to provide Real Transparency which they dont always. Have to reward workers not just shareholders. Senator brown ill close with a statement. We saw earlier this year the pandemic crashing our families, hospitals, and the economy. How the market seized the up. The s. E. C. s recent report on interconnectedness in the market offers insights but no real policy recommendations. I know that you and vice chair and represent duty pute secretary money market reforms were not good enough. It is clear your successor, the next banking regulators will need to reduce risk from interconnectedness and excessive leverage. The economy may in the future will depend on it. Than
Continue to will investigate each and every instance of illegal voting. Double voting, phelan voting, people voting outofstate. Outofstate. I want to remind members of a few matters, some of them required by the regulations accompanying House Resolution 965, which established the framework for Remote Committee proceedings. First, members are reminded to on atheir video functions all times, even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they have finished speaking. Staff have been instructed not to mute members except when a member is not being recognized and there is inadvertent background noise. Members are further reminded that they may only attend one remote hearing at a time. If you are participating today, please remain with us during the hearing. Members should try to avoid coming in and out of the hearings. Particularly during the questions. If during the hearing