Unleashing The Power Of The Private Sector: Corporate Counsel's Key Role

Monday, January 31, 2011 - 01:00

President Obama's Second State of the Union Address reflected a conviction that business will power economic growth and job creation, which he said can be achieved by "making America the best place on earth to do business." He outlined steps that must be taken to enable that goal to be realized. His remarks were supportive of some of the principal reforms contained in the Business Roundtable's Roadmap for Growth and Tom Donahue's speeches, including adopting corporate income tax rates more in line with those of foreign competitors, expanding the number of free trade agreements, encouraging R&D, reducing regulatory burdens, making it easier for foreigners with advanced degrees to remain in this country, and opening the door to examining medical malpractice reform "to rein in frivolous law suits."

Also, reflective of a more business-friendly attitude on the part of the administration are recent appointments to the White House staff and, most importantly, the appointment of General Electric CEO Jeff Immelt to chair the President's Council on Jobs and Competitiveness, which is charged with reducing the unemployment rate.

All of this bodes well for empowering U.S. business to create more jobs, but, with all things, the devil is in the details. What this newspaper brings to the table is its ability to reach 22,500 corporate counsel readers at 9,000 companies and a large audience of Internet viewers. Our corporate counsel readers and viewers can play an essential role in making the reforms advocated by business a reality - in the final analysis it's the grass roots that count. Over the next months, we plan to continue to provide you with the ammunition you need to motivate your companies to speak out in support of these reforms, including not only background information from spokespersons for leading business organizations, but also with confidence-engenderinginsights from the leading law firms that support us through financial and editorial contributions.