Panel Two<br>Beyond Stockholder Value: Corporate Accountablity and Responsibility Today

Tom Daschle Introduced the panel by speaking about the current epidemic of corporate scandals, citing the Enron case as the obvious example, and the steps Congress has taken to deal with these offenses.

Rep. Mike Oxley Argued that the economic nature of today's population is changing and the United States is becoming a nation of stock owners. The Enron scandal shocked a lot of people because historically, the business world has been a system based on trust and the Enron scandal demonstrated the breakdown of that trust.

Sidney Harman Spoke about the great successes that Harman International has had at enacting corporate responsibility and accountability processes.

Phillip Rudolph Voiced that companies should behave as if a shareholder is shadowing them and to always consider the impact executives' decisions have on the shareholders. Companies also have responsibility to the world as a whole and to the people the company employees.

Participants

• Michael Oxley (OH-4-R)*
  Chairman, House Committee on Financial Services, U.S. House of Representatives


• Sidney Harman
  Chairman & CEO, Harman Industries


• James DeLong
  Senior Fellow & Director, IPCentral.info, Progress and Freedom Foundation


• Phillip Rudolph
  Partner, Foley Hoag LLP and former Vice President & International General Counsel, McDonald's Corporation


• Tom Daschle
  former U.S. Senate Majority Leader