Word: chambers
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...grown into the world's largest maker of photovoltaic cells. Yet more than 95% of PV cells produced by China in 2008 were exported, indicating the country's output far exceeds domestic demand. Not surprisingly, foreign companies think they are being blocked from the mainland market. The European Union Chamber of Commerce in China has complained China has erected alternative-energy trade barriers, focusing specifically on the treatment of wind-turbine makers. In a position paper released in September the group said, "The use of bidding requirements to bar international [wind-turbine] companies from competing is a cause for grave...
...that position, critics say, is par for the course for Donohue, who has shown relatively little interest in expanding corporate transparency. One of his chief innovations has been a stealth corporate advocacy program, which encourages firms to funnel funds into special chamber accounts to pay for advocacy campaigns run under the chamber's banner, without mention of the company paying for the ad or their stake in the fight...
...crazy or outside the mainstream," says David Chavern, the Chamber's COO. "We've been around for almost 100 years because we've done pretty good at figuring out what's needed for the business community to be successful and we are going to be around for another 100 years." (See the top 10 bankruptcies...
Many observers think the Chamber, in so zealously opposing so much of the Democrats' agenda, may be its own worst enemy. Peter Darbee, PG&E's CEO, applauds Donohue's effort to rehabilitate the American public's faith in free enterprise in the wake of the past year's troubles." But he added, "I'm struck by the irony that, as we try to restore public trust in business on the one hand, on the other the Chamber's behavior on the climate issue only reinforces stereotypes that erode that very same confidence...
...same might be said of its stance toward corporate transparency. The Chamber successfully sued the Securities and Exchange Commission five years ago to block a requirement that 75% of mutual funds' boards be independent. And another legal battle seems likely to be brewing over the new SEC Commissioner's interest in pushing to allow shareholders to nominate independent members to corporate boards. "They will accept all kinds of stimulus funds and bailouts but God forbid we should ask for any kind of accountability in return," says Nell Minow, co-founder of Corporate Library, a corporate governance research firm...