Roger W. Ferguson, Jr.

"And in fact, we formally announced in our fund complex, we adopted a policy in 2019 to vote against nominating and governance committees at US companies without gender diversity on their Boards. And this year, our fund complex further strengthened its US voting policy to vote against directors, directors who are accountable for the oversight of Board quality and nomination of directors to the Board if that Board does not include at least two women."

"But I think many of us would also agree that capitalism is not perfect. Many people feel left out of a system that seems to produce tremendous and unequal benefits for a relatively few, and, frankly, far more modest benefits for everyone else. And listen, we really need to fix that. Business leaders must embrace a new definition of capitalism that puts a greater emphasis on social responsibility and equity. The Business Roundtable took meaningful steps toward that goal when it redefined the purpose of the corporation to include a commitment to all stakeholders."