The 12-member Conference Board Commission on Public Trust and Private
Enterprise was formed to address widespread abuses which led to
corporate scandals and declining public trust in companies, their
leaders and America's capital markets. The Commission examined
compensation, audit, and governance issues facing corporate America and
issued best-practices guidelines. The Commission was co-chaired by
Peter G. Peterson, Chairman of The Blackstone Group, former Secretary
of Commerce and Chairman of the Federal Reserve Bank of New York, and
John W. Snow, Chairman, CSX Corporation and former Chairman, Business
Roundtable. The work of the Commission was supported by The Pew
Charitable Trusts.
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