Commonsense Principles 2.0

The following is a series of corporate governance principles for public companies, their boards of directors and their institutional shareholders (both asset managers and asset owners). These principles are intended to provide a basic framework for sound, long-term-oriented governance. Given the differences among U.S. public companies – including their size, products and services, geographic footprint, history, leadership and ownership – we recognize that not every principle will be applied in the same fashion (or at all) by every company, board or shareholder. Nonetheless, we intend to use these principles to guide our thinking.