The Roundtable’s 37th Annual Meeting hosted by PricewaterhouseCoopers at the company’s headquarters in Boston was an enormous success thanks to the support of all our members. PwC produced a terrific presentation and led a discussion on the findings from its survey of 1,400 CEOs worldwide. Special thanks to Lieutenant Governor Karyn Polito for providing keynote remarks on competitiveness, economic development, STEM, energy and other policy topics during the meeting.
I also want to thank Michael Hogan, who completed a tremendous two-year term as MBR Chair, as well as Irina Simmons who strengthened MBR serving as our Treasurer. We are thrilled to welcome new officers Marcy Reed, Chair, Robert Rivers, Vice Chair, Katherine Craven, Treasurer and thanks to Jeff Cook for continuing as Secretary.
Have a great summer!
Roundtable members voted unanimously to elect Marcy Reed, President, National Grid Massachusetts to serve as Chair of the Board for a two-year term and Robert Rivers, President & COO of Eastern Bank to serve as Vice Chair of the Board. The Board also elected C. Jeffrey Cook, Chairman of Cohen Kinne Valicenti & Cook in Pittsfield as Secretary and Katherine Craven, Chief Administrative Officer for Babson College as Treasurer. Members approved a slate of leaders to chair policy task forces and serve on the Roundtable’s Executive Committee.
“On behalf of our members, I want to thank Michael Hogan for his leadership during the past two years, which saw significant increases in membership and member engagement, as well as a major impact on public policy,” Reed said. “I look forward to working with our diverse group of CEOs and senior business leaders to advance the Roundtable’s member-driven policy priorities.”
Lieutenant Governor Karyn Polito offered keynote remarks highlighting the Administration’s efforts to build stronger communities, make state government more efficient and responsive to taxpayers and expand opportunities emanating from the state’s leading innovation ecosystem during MBR’s annual meeting hosted by PwC in the Seaport Innovation District in Boston.
Members discussed results from PWC’s CEO survey that shined a spotlight on topics such as overregulation, technology disruption, company mergers, as well as recruiting and retaining talented millennials in the workforce. The survey showed younger workers are gravitating to companies with shared values and goals as opposed to chasing higher levels of compensation. Concerns about overregulation reached a seven year high with increasing costs to comply with rules facing virtually every economic sector. CEOs also continue to address threats and opportunities posed by new technology and leveraging data analytics. The survey found a strong environment for merger deals, as well as strategic alliances between companies driven by costs.
RELATED MATERIAL: Boston Globe Bold Types Story | Press Release | Mid-Year Highlights
Quality early education helps increase a child’s likelihood of success in school, in their career and in life. Investment in high quality early education leads to being more employable later in life, and decreases the chances of incarceration and remedial services. Research has shown that high-quality pre-K increases high school attendance by a third, college attendance by 80 percent, and employment by 23 percent.
"When taken at face value, early education and care may not seem like a business or labor issue. But make no mistake, it is,” said House Speaker Robert DeLeo.
Speaker DeLeo has convened a new Early Education and Care Business Advisory Group—that includes Roundtable member Jay Gonzalez and MBR Executive Director JD Chesloff—to begin providing systems and management expertise, strategic guidance, and data-based programmatic and financial advice focused on the critical needs of the early education and care workforce.
The Roundtable Board voted unanimously this spring to make early education a priority in its education and workforce development policy advocacy. MBR applauds Speaker DeLeo’s leadership and looks forward to working with public officials to enhance quality and expand access to early education and care across the state.
READ Boston Globe Column
MBR advocated for key policy priorities in the economic development legislation making its way through the State House that includes funding to expand opportunities in vocational technical education, state tax incentives for college savings, as well as incentives for hiring and retaining workers at companies across the state. The bill also includes job training funds to help build the state’s talent pipeline, redevelop brownfields sites and invest in infrastructure and spur new opportunities in Gateway Cities.
The Roundtable continues to advocate for energy legislation that provides reliable, sustainable energy resources for businesses to meet the needs of a growing economy and the mandates of the Global Warming Solutions Act in the most cost-effective way for ratepayers. The MBR Energy Task Force developed and the full Board adopted a series of principles that emphasize a balanced, competitive, regional approach that includes renewable energy, natural gas, efficiency programs and innovative on-site generation solutions. MBR uses the principles in our advocacy on Beacon Hill and wrote an op-ed in the Boston Business Journal highlighting MBR’s positions during the legislative session.
READ BBJ Op-Ed
The Roundtable joined leaders from the Mass. Society of CPAs, Greater Boston Chamber of Commerce, Associated Industries of Massachusetts and the Mass. Taxpayers Foundation to strongly oppose an outside section of the state budget that would unnecessarily expand access to confidential tax information
In a letter to House and Senate leaders working on the state budget, the five business groups highlight the importance of taxpayer confidentiality to the state’s tax system. An excerpt from the letter:
Because our tax laws are inherently complex, every state has a dedicated agency of experts and specialists to ensure compliance and implementation of our tax laws. As such, the Massachusetts Department of Revenue (DOR) is the only state entity that is allowed broad access to confidential tax information and is the only agency that is equipped with the tools necessary to keep the information private. The Department has spent millions of dollars on software that tracks every instance of employee access of taxpayer information to ensure that no such information is ever accessed except when there is a legitimate and documented business reason to do so. The DOR has a specific code of conduct, holds trainings and has integrated the principle of taxpayer confidentiality into their organization’s culture. It would be difficult, and perhaps impossible to replicate these privacy protections in an entity outside the DOR.
Shire completed its combination with Baxalta this month creating a leading global biotechnology company focused on serving patients with rare diseases and highly specialized conditions. The combination will result in expanded global reach and best-in-class products to expand the potential help for patients with unmet needs, as well as a robust, innovative pipeline that is expected to drive development of next-generation therapies. READ more.
Does your company have news about industry trends, key milestones or other materials you are sharing with the public? We want to include news from our members in this space, so please send any story ideas or links to MBR Deputy Director Chris Kealey.
Retweet Cristina Ampil @CristinaAmpil A good visual summary of PwC's #ceosurvey findings shared with @MABizRoundtable on June 16
Roundtable member businesses working together for the greater good of the Commonwealth via @ComcastNewsmkrs #mabiz
Excited to join Roundtable member @RSMUSLLP @ChrisMacRSM on maximizing effective biz partnerships between Boston & Ireland #mabiz
@BostonDotCom visited Shawmut to see what a typical day looks like for CEO Les Hiscoe.
Congratulations to Roundtable member @EversourceMA for moving up on @Fortune 500 list! @BosBizJournal
@MassGovernor—Israel has many of the best minds to work with us on issues like #cybersecurity and #digital #health #MAisrael
#MBRNews @HarvardPilgrim works to get healthy, fresh & local food more accessible to neighborhoods across the grid.
Congratulations to a terrific Roundtable member @Shireplc combining w/Baxalta to be a global leader in #rarediseases
5 MBR members named @bostonglobe 2016 Game Changers @IBMWatson, @BCBSMA, @PartnersNews, @generalelectric @Celticare
By investing in high quality early education we can prepare students for a successful career #MABIZ #EarlyEducation