Home | About NCTR | Resources | Meetings | News Room | Member Directory

WHEREAS, The members of National Council on Teacher Retirement invest in and are shareholders of all or most of the publicly held companies in the United States; and

WHEREAS, As investors in and shareholders of publicly held domestic companies, NCTR must rely on the vigilance and integrity of the boards of directors, officers and independent auditors of portfolio companies to assure the companies are operated and managed on a sound financial basis and their reports on the financial condition and operating results of those companies are truthful and accurate; and

WHEREAS, The magnitude of recent corporate disasters demands a vigorous and appropriate response that will restore investor confidence in publicly held domestic companies, assure the truthfulness and reliability of corporate financial statements, and assure the proper accountability of corporate boards, management and independent auditors to their shareholders; and

WHEREAS, That response, at a minimum, requires the implementation of corporate and regulatory reforms long sought by institutional investors, including NCTR members;

THEREFORE, BE IT

RESOLVED, That the National Council on Teacher Retirement is in support of and urges appropriate regulatory bodies, exchanges and Congress to exact the following minimum actions necessary to restore investor confidence and assure corporate integrity and transparency: