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    SUMMER 2019
around the table
Executive Director's Message
Dear Members,

Thanks to all the members who met with us individually this summer. As always, we learned a lot about the top priorities of business leaders, about the economy and gathered ideas to strengthen the Roundtable platform. We appreciate your time, expertise and engagement!

We have an extremely busy fall schedule ahead, and we look forward to seeing you soon.

Best,
JD

National Business Roundtable Highlights Corporate Responsibility in Statement from 181 CEOs
The national Business Roundtable (BRT) recently released a Statement on the Purpose of a Corporation signed by 181 of its CEO members. The statement “outlines a modern standard for corporate responsibility” and a commitment from the CEOs to “lead their companies for the benefit of all stakeholders—customers, employees, suppliers, communities and shareholders.” The statement moves away from shareholder primacy, and includes commitments to all stakeholders, such as: delivering value to customers; investing in employees; dealing fairly and ethically with suppliers; supporting communities; as well as generating long-term value for shareholders. 

Earlier this year, the Massachusetts Business Roundtable unveiled its #BusinessIsGood initiative with a report that highlighted not only the impact MBR members have on the economy, but examples of good work being done in communities, in partnership with non-profits and community-based organizations, on issues of diversity, inclusion, equity, and sustainability for future generations. Many of the examples are consistent with the BRT’s focus in its Statement on investing in workers and communities. BRT Chairman Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co. says of the BRT’s statement: “Major employers are investing in their workers and communities because they know it is the only way to be successful over the long term. These modernized principles reflect the business community’s unwavering commitment to continue to push for an economy that serves all Americans.” 

READ BRT's full statement

LEARN more about BRT’s effort

MBR Supports Delay in New Broker-Dealer Regulations
The Roundtable recently provided comments to the Secretary of State’s office regarding a proposed draft state rule “to apply a fiduciary conduct standard on broker-dealers, agents, investment advisers, and investment adviser representatives when dealing with their customers and clients.” MBR expressed concerns that this proposal, while well intentioned, may impact Massachusetts’ competitiveness. As a non-partisan public policy organization representing large, multi-state employers, the Roundtable supports strong, consistent federal standards to ensure consumer protections are in place, while maintaining a level playing field for businesses operating in multiple states.

The Roundtable respectfully suggested a delay in decision-making at the state level until after the new federal standard is implemented. This delay would provide Massachusetts the benefit of seeing the new federal standard operationalized to assess how entities are complying with the heightened federal standard and the investor protection benefits it provides.

Roundtable Joins Business Community Call for Education Spending Plans to Help Close Achievement Gaps
The Roundtable teamed up with Associated Industries of Massachusetts and the Massachusetts Taxpayers Foundation working with the Massachusetts Business Alliance for Education supporting additional funding for education and calling for increased accountability measures to ensure that the funds help close critical achievement gaps in communities across the state. The letter urged the state to require an end-of-year report from communities on the impact the new funding is having on closing achievement gaps.

READ Letter

STATE HOUSE NEWS STORY
Biz Group Wants to See K-12 Education Spending Plans
The new state budget boosts local school aid by $268 million, and a business group is asking education officials to impose guardrails on how that money is spent. The Massachusetts Business Alliance for Education wrote to Education Commissioner Jeffrey Riley on Monday, asking him to take steps to make sure "that the additional funding for schools in the FY2020 budget makes it to the students for which it is intended and is spent on evidence-based practices that close achievement gaps." The group asked Riley to require that districts create and make available to the public a plan to ensure that money allocated for low-income students and students learning English is spent serving those populations; to set "clear and aggressive statewide and district targets for closing achievement gaps"; and to require reporting on how new funding affects efforts to close achievement gaps. The letter was signed by MBAE executive director Edward Lambert, J.D. Chesloff of the Massachusetts Business Roundtable, Eileen McAnneny of the Massachusetts Taxpayers Foundation and Katherine Holohan of Associated Industries of Massachusetts. The Education Committee is working on a bill reforming the state's school funding formula to address costs associated with teaching low-income students and English language learners along with special education and employee health care expenses. The alliance says it hopes lawmakers "will pass a bill in the fall" that includes planning and reporting requirements on new money supporting low-income students and English language learners. - Katie Lannan/SHNS

Roundtable Partners with Conexion on iRobot Visit with Labor & Workforce Secretary Rosalin Acosta
The Roundtable joined with Conexion to host a group of mid-career Latino/a professionals for a tour and meeting with Roundtable member and iRobot CEO, Colin Angle that included the state’s Secretary of Labor and Workforce Development, Rosalin Acosta. The tour of iRobot’s museum, including conversation with Colin, focused on the history of the company, lessons learned, and advice for building and sustaining an innovative technology company. This was the second in a series of meetings designed to connect Roundtable members with young professionals in the Conexion cohort. The first meeting was held at Eastern Bank, where Roundtable members Bob Rivers, CEO of Eastern Bank, Jane Walsh, CEO of Northmark Bank, Mark Butler, New England President of Cigna Health, and Ed Dugger, CEO of Reinventure Capital joined a group of Conexion’s young professionals for a presentation by Ed Morata, CEO of Eneas International, on social impact investing and socially conscious companies.

Conexion’s mission is to develop Hispanic and Latina/o mid-career professionals into strategic and innovative leaders through a mentorship model that helps these young professionals gain tools and build their networks. As part of the Roundtable’s Diversity & Inclusion policy, the organization is engaging with new partners like Conexion to connect both organizations to new and different people, ideas and perspectives. Look out for additional partnerships and opportunities to engage in the coming months. For more Information, visit conexion-all.org.

Roundtable introduces LinkedIn Page
The Roundtable has a LinkedIn page! This summer the Roundtable unveiled the new page and will be using it as a new way to communicate with members, in addition to our Twitter account.

The Roundtable will be posting daily about member company news using the hashtag #InTheNews, giving updates on current public policy we are engaging in, and using it to promote members’ brands. Additionally, we encourage marketing and PR teams of member companies to reach out with any stories they would like highlighted.

Please connect with the Roundtable on LinkedIn if you haven’t already! A special thank you to our team from the Emerging Leaders Program at UMass Boston for their help in rolling out this program.

Going Around the Table
News, links and information about members of the Roundtable

Congratulations to Roundtable Member Orsted on Advancing Offshore Wind
Congratulations to Roundtable members Orsted and Eversource for securing a bid to bring offshore wind to New York. This is a part of Orsted’s mission to further advance offshore wind along the eastern seaboard. Read more about the partnership and Orsted’s goals for offshore wind in the United States in this New York Times piece.

 

 

 

Calling All Roundtable Members! Join iRobot for the 3rd Annual STEM Career Fair Sept. 26th at Fenway Park
The 3rd Annual STEM Career Fair will be held on Thursday, September 26th, 9am-Noon, at Historic Fenway Park. Hosted again this year by Roundtable member iRobot and the Boston Red Sox, this event will bring hundreds of college students and eager professionals to Fenway to meet with recruiters and representatives from companies searching for talent to fill STEM careers. More than a dozen Roundtable member companies and organizations participated in this special career fair last year. Please share this opportunity with your HR teams and recruiting leaders. Register for this free event via email STEM@iRobot.com.


Upcoming Events with Roundtable Members & Partners

Thursday, September 26, 2019
6:00 p.m.–8:30 p.m.
KPMG, 60 South Street, Boston, MA 02111
 
REGISTER ONLINE
   
Monday, September 23, 2019
5:00 PM–8:00 PM EDT
Blue Cross Blue Shield of Massachusetts
101 Huntington Avenue, #1300, Boston, MA 02199
 
REGISTER ONLINE
   


BRT on Trade


TwitterTweets you may have missed

Great to meet with an award-winning health care provider and member of the Roundtable
@SouthcoastHlth today to talk public policy and learn more about their innovative approaches to caring for patients! #mabiz #businessisgood

#InTheNews See what @LatimerAmy from Roundtable member @delawarenorth
is up to these days at @tdgarden in @BostonGlobe #BoldTypes #mabiz #BusinessIsGood

Roundtable member @MandT_Bank is leading by example on #inclusive work places! #mabiz #BusinessIsGood READ Tweet

Impactful commitment to early childhood education in the #MABudget. Thanks to the #MAHouse and @MA_Senate conferees, and to @SpeakerDeLeo for his ongoing leadership. #ECE #mapoli

Huge congratulations to Roundtable members @OrstedUS & @EversourceCorp on #SunriseWind being selected by NY to generate 880 MW of clean, reliable #offshorewind energy! @ThomasFBrostrom @LaurenBurm

#InTheNews Roundtable member @UMassD @UMassDRJohnson just announced a new Honors College and the expansion of the College of Nursing that will both begin this fall! Both great additions that will add to the exciting opportunities @UMassD offers to students

 
The Roundtable is pleased to welcome new followers on Twitter:

Eversource Energy  @EversourceCorp
Apprenti  @ApprentiCareers
UMass Boston Early Ed Institute  @IEELIInstitute
The Collier Connection  @collierconnect
National Grid Energy Innovation Hub @EnergyInnoHubRI

 
In this issue
National Business Roundtable Highlights Corporate Responsibility in Statement from 181 CEOs
MBR Supports Delay in New Broker-Dealer Regulations
Roundtable Joins Business Community Call for Education Spending Plans to Help Close Achievement Gaps
Roundtable Partners with Conexion on iRobot Visit with Labor & Workforce Secretary Rosalin Acosta
Roundtable introduces LinkedIn Page
Going Around the Table
What's News on Twitter
 
Upcoming events

MBR Board Meeting
Thursday, September 12, 2019
Noon-1:30 pm
Nutter, McClennen & Fish
155 Seaport Blvd, Seaport West, Boston
Open to Roundtable Members Only

 
Hot links
Revenue Working Group Announced
Roundtable Annual Report
Roundtable Member List 2019
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National Business Roundtable

BRT on Privacy Laws
BRT on Immigration
 

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