Ruleschange-categories

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Contents

[edit] Rules Change: Resetting the Playing Field for Corporations, People and Democracy

[edit] Action ideas for capitalism and the common good

[edit] May 3-5, 2013 / Univ. of Massachusetts-Amherst

NEWS / STORY SO FAR / WHO PARTICIPATED CATEGORIES / INVITATION / AGENDA/SCHEDULE / READINGS / WHITE PAPER / HOME PAGE / ONE-PAGE FLYER / RESOURCE LINKS / PHOTOS / TWITTER


[edit] FIVE KEY CATEGORIES:

CONSIDERING RULES CHANGES


  • CATEGORY TWO: Measurement: -- Alternate success measurements, including internalizing externalities, genuine progress and gross domestic happiness indicators, corporate performance. Overview by Jim Boyce, director, Program on Development, Peacebuilding, and the Environment, Political Economy Research Institute, UMass-Amherst -- [1]; or (PDF SLIDES)
  • CATEGORY FOUR: Accountability: -- Considering the market and community impacts on broad stakeholder groups such as employees, communities, customers, shareholders including wages, profits and taxes (loopholes, offshoring, capital gains, estate/inheritance). Overview by Marcy Murninghan, founder, Murninghan Post - (AUDIO); or (PDF SLIDES)
  • CATEGORY FIVE: Governance: -- Public and shareholder influence over executive pay by disclosure or regulation: regulated adherence to world sustainability measurements (see category 2, Measurement), improved transparency. Overview by Jennifer Taub, assoc. professor, Vermont Law School (AUDIO); or (PDF SLIDES).

LINK: Google Doc background on five categories

[edit] ALSO RELEVANT


[edit] ORIGINAL CATEGORIES FOR CONSIDERATION

The five key categories listed above are drawn from more than two decades of writing and thought by dozens of executives, authors, scholars, public officials and engaged citizens. They are listed as 15 sub-categories below. All of these are relevant subject matter for the Rules Change Summit; to effective at initiating change, we'll focus the convening process on the top five, above. For a work-in-progress effort to identify the key sources of these mainstream ideas, see: "RESTORING DEMOCRACY AND CHANGING CORPORATE RULES (A new taxonomy/synopsis/overview): Charting two decades of thought on reforming the impact of money and corporations on American public policy." (also downloadable as a PDF.)

Fifteen original categories::

  • Require federal “public good” charters for the largest public corporations
  • Lobbying reform and transparency to curtail big-money influence
  • Act for World Sustainability
  • Accept Limits to Growth
  • Encourage media diversity
  • Short-term disincentives (to discourage excessive emphasis on short-term earnings and churning portfolios)
  • Wall Street rule and incentive reform
  • Internalize costs (corporations absorb pollution cost)
  • Alternative “success” measurements besides Gross National Product (to show progress toward prosperity, e.g., “genuine progress indicators.”
  • Progressive income/consumption taxes
  • World trade -– Cost internalization, localize, cooperation, global charters
  • Alternative ownership; incentives for localism
  • Antitrust enforcement
  • Constitutional issues – Limited liability, commerce-cause reinterpretations
  • Additional policy reforms



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