Warren Buffett, Jamie Dimon Hold Secret Meetings to Save the Public Company

It’s not every day that CEOs from some of America’s most valuable companies, across several different industries, meet in secret to plan the future of the American company. But that’s exactly what leaders like Warren Buffett of Berkshire Hathaway, Jamie Dimon of JPMorgan Chase, and Mary Barra of General Motors, to name a few, have been doing intermittently over the past year, as they worked to put together a set of principles that should guide the governance of public companies at a time when fewer entrepreneurs are deciding to sell shares on public markets. The meetings culminated in an open letter published Thursday morning on the website governanceprinciples.org. “Our future depends on [public] companies being managed effectively for long-term prosperity, which is why the governance of American companies is so important to every American,” the letter reads. “Corporate governance in recent years has often been an area of intense debate among investors, corporate leaders and other stakeholders. Yet, too often, that debate has generated more heat than light.”