Committee for Economic Development

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The Committee for Economic Development of The Conference Board (CED) is a business-led public policy organization based in Washington, D.C. Its membership consists primarily of senior corporate executives from a range of U.S. industries and sectors. Together with its members, CED aims to sustain and promote free enterprise, improve education and healthcare, reform campaign finance, enhance corporate governance, and improve the fiscal health of the United States.

History and principles[edit]

CED was founded in 1942 by a group of business leaders led by Paul G. Hoffman, President of Studebaker Corporation; William Benton, co-founder of Benton & Bowles advertising firm; and Marion B. Folsom, treasurer of Eastman Kodak Company. CED's was first formed to help the U.S. economy transition from a war-time to peace-time economy. At the end of World War II, CED successfully worked to garner support among the American business community for the Marshall Plan.

Since its inception, CED has aimed to promote policies that its members believe will foster economic growth and development to benefit all Americans. The organization conducts research and outreach efforts in the U.S. and abroad to change policy at the local, state, and national levels. In recent decades, CED has made increased access to pre-kindergarten and college, advocated campaign finance reform nationally, placed more women in corporate leadership, and reduced government spending.[citation needed]

The organization's work is grounded on seven core principles:

  • Sustainable capitalism
  • Long-term economic growth
  • Efficient fiscal and regulatory policy
  • Competitive and open markets
  • Globally competitive workforce
  • Equal economic opportunity
  • Nonpartisanship in the nation’s interest.

On January 1, 2015, CED merged with The Conference Board. CED maintains an independent membership of nearly 200 executives in the U.S.[citation needed]

Leadership[edit]

CED's Chief Executive Officer is Steve Odland, who assumed the role in 2013. Michael Petro is CED's Executive Vice President and Joseph Minarik is the organizations Senior Vice President and Director of Research.

Policy research[edit]

CED conducts policy research and advocacy in four major areas: fiscal health, education (including early childhood, K-12, and postsecondary), global competitiveness, and democratic institutions. CED aims to encourage American business leaders to take a more expansive view of their responsibilities by practicing what it calls "business statesmanship" — recognizing that business leaders can promote societal health by engaging in and speaking out for the common good on timely public policy issues.

Policy Conferences[edit]

CED's policy conferences are forums for Members, senior policy makers, and industry leaders to discuss pressing national issues that are aligned with CED’s core policy areas: the economy, education, global competitiveness, and democratic institutions. To advance reasoned solutions from business in the nation’s interest, CED convenes for two days, twice-yearly, to address these seminal economic issues.

Recent and distinguished speakers include:

  • Andy Ozment, Assistant Secretary, Office of National Protections and Programs Directorate, Cybersecurity and Communications, Department of Homeland Security
  • Congressman Don Beyer
  • Congressman Scott Perry
  • Congresswoman Virginia Foxx
  • Secretary of Education, Arne Duncan
  • Former Secretary of Education, Margaret Spellings
  • Former Secretary of Health and Human Services, Kathleen Sebelius
  • Senator Mark Warner
  • Senator Bob Corker
  • Senator Saxby Chambliss
  • Former Governor Tom Kean
  • Congressman Patrick McHenry
  • Congressman Joe Pitts
  • Congressman Kurt Schrader
  • Congressman Adam Kinzinger

The Distinguished Performance Awards Dinner[edit]

Held annually in New York City, the Distinguished Performance Awards Dinner recognizes business leaders who have shown leadership in their companies and the communities in which they operate.[1]

Past Honorees:

  • Glenn Hutchins, Co-Founder, Silver Lake, Owen B. Butler Education Excellence Award
  • Denise Morrison, President and CEO, Campbell Soup Company, Corporate Citizenship Award
  • Marilyn Carlson Nelson, Co-CEO, Carlson Holdings; Former Chairman and CEO, Carlson, Leadership in Diversity Award
  • Peter G. Peterson, Founder and Chairman, Peter G. Peterson Foundation, CED Leadership Award
  • Inge G. Thulin, Chairman, President and CEO, 3M, Peter G. Peterson Business Statesmanship Award
  • Jørgen Vig Knudstorp, CEO,The LEGO Group, Global Leadership Award
  • Michael T. Duke, Chairman of the Executive Committee, Wal-Mart Stores, Inc., Global Leadership Award
  • Roger W. Ferguson, Jr., President and Chief Executive Officer, TIAA-CREF, CED Leadership Award
  • Henry R. Kravis, Co-Chairman and Co-CEO, KKR, Excellence in Public Policy Award
  • J.B. Pritzker, Managing Partner, Pritzker Group, Owen B. Butler Education Excellence Award
  • John S. Watson, Chairman and CEO, Chevron Corporation, Corporate Citizenship Award
  • Patricia A. Woertz, Chairman and CEO, Archer Daniels Midland Company, Peter G. Peterson Business Statesmanship Award
  • Daniel F. Akerson, Chairman and CEO, General Motors Company, Leadership in Diversity Award
  • Kenneth C. Frazier, President and CEO, Merck & Co., Inc., Excellence in Public Policy Award
  • Joseph E. Kasputys, CEO, Economic Ventures, CED Leadership Award
  • Kendall J. Powell, Chairman and CEO, General Mills, Corporate Citizenship Award
  • Edward B. Rust, Jr., Chairman and CEO, State Farm Insurance Companies, Owen B. Butler Education Excellence Award
  • Howard Schultz, Chairman, President and Chief Executive Officer, Starbucks, Peter G. Peterson Business Statesmanship Award
  • Alan Mulally, President and CEO, Ford Motor Company, Peter G. Peterson Business Statesmanship Award
  • Wes Bush, Chairman, President, and CEO, Northrop Grumman, Corporate Citizenship Award
  • Carl Camden, President and Chief Executive Officer, Kelly Services, Inc., Excellence in Public Policy Award
  • Richard Edelman, President and CEO, Edelman, Leadership in Diversity Award
  • Jeffrey A. Joerres, Chairman and CEO, ManpowerGroup, CED Leadership Award
  • Bruce K. MacLaury, President Emeritus, The Brookings Institution, CED Leadership Award
  • Beth A. Brooke-Marciniak, Global Vice Chair, Public Policy, EY, Corporate Citizenship Award
  • David M. Cote, Chairman and Chief Executive Officer, Honeywell, Peter G. Peterson Business Statesmanship Award
  • Kees Kruythoff, Head of Unilever North America, Unilever, Global Leadership Award
  • Andrew N. Liveris, Chairman and Chief Executive Officer, The Dow Chemical Company, Excellence in Public Policy Award
  • Leo Apotheker, CEO & President, Hewlett-Packard Company, Excellence in Public Policy Award
  • W. Bowman Cutter, Senior Fellow and Director, Economic Policy Initiative, The Roosevelt Institute, CED Leadership Award
  • Indra Nooyi, Chairman & CEO, PepsiCo Inc., Peter G. Peterson Business Statesmanship Award
  • Daniel Rose, Chairman, Rose Associates, Inc., CED Leadership Award
  • Jim Skinner, CEO, McDonald’s Corporation, Global Leadership Award
  • Frederick W. Smith, Chairman, President and CEO, FedEx Corporation, Corporate Citizenship Award
  • Dean Kamen, Founder, DEKA Research and Development Corporation, Excellence in Public Policy Award
  • A.G. Lafley, Chairman, Procter & Gamble, Peter G. Peterson Business Statesmanship Award
  • Lenny Mendonca, Director Emeritus, McKinsey & Company, Inc., CED Leadership Award
  • William Weldon, Chairman and Chief Executive Officer, Johnson & Johnson, Corporate Citizenship Award
  • Ursula Burns, President, Xerox Corporation, Corporate Citizenship Award
  • Robert H. Dugger, Founder and Managing Partner, Hanover Investment Group LLC, CED Leadership Award
  • Jiang Jianqing, Chairman of the Board, Industrial and Commercial Bank of China Limited, Global Leadership Award
  • W. James McNerney, Jr., Chairman, President and CEO, The Boeing Company, Peter G. Peterson Business Statesmanship Award
  • Ian Davis, Worldwide Managing Director, McKinsey & Company, Peter G. Peterson Business Statesmanship Award
  • Samuel Palmisano, Chairman, President and CEO, IBM Corporation, Corporate Citizenship Award
  • James Press, President, Toyota Motor North America, Global Leadership Award
  • Bobby Shriver, President, (PRODUCT) RED, Excellence in Public Policy Award
  • Neville Isdell, Chairman, Board of Directors, and CEO, The Coca-Cola Company, Corporate Citizenship Award
  • Andrea Jung, President and Chief Executive Officer, Grameen America, Peter G. Peterson Business Statesmanship Award
  • Jeffrey Immelt, Chairman and CEO, General Electric Company, Peter G. Peterson Business Statesmanship Award
  • Hugh Price, Senior Advisor, DLA Piper Rudnick Gray Cary US LLP, Excellence in Public Policy Award
  • Doctor Isaiah Frank, William L. Clayton Professor of International Economics, Johns Hopkins University School of Advanced International Studies, Global Leadership Award
  • Carla Anderson Hills, Former CEO, General Motors Corporation, Excellence in Public Policy Award
  • John “Jack” Smith, CEO, General Motors Corp., Corporate Citizenship Award
  • Herbert Allison, Jr., Chairman, President and CEO, TIAA-CREF, Corporate Citizenship Award
  • The Honorable James B. Hunt, Jr, Former Governor, North Carolina, Excellence in Public Policy Award
  • Frank Carlucci, Chairman, The Carlyle Group, Excellence in Public Policy Award
  • Yotaro Kobayashi, Chairman, Fuji Xerox Co., Ltd. & Keizai Doyukai, Global Leadership Award
  • Peter G. Peterson, Co-Founder, the Blackstone Group, Excellence in Public Policy Award
  • Raymond V. Gilmartin, Chairman and CEO, Merck & Company, Corporate Citizenship Award
  • Senator Russell D. Feingold, Excellence in Public Policy Award
  • Senator John McCain, Excellence in Public Policy Award
  • Congressman Martin T. Meehan, Excellence in Public Policy Award
  • Congressman Christopher Shays, Excellence in Public Policy Award
  • Josh S. Weston, CEO and Chairman, Automatic Data Processing (ADP), Corporate Citizenship Award
  • Donald L. Boudreau, Chief Financial Officer, Chase Manhattan Bank, Corporate Citizenship Award
  • Verne G. Istock, Chairman, President and CEO, First Chicago NBD Corporation, Corporate Citizenship Award
  • Henry A. McKinnell, Chairman and CEO, Pfizer Inc., Corporate Citizenship Award
  • Donald J. Schuenke, Chairman, Northern Telecom Limited
  • Philip M. Klutznick, U.S. Secretary of Commerce, Distinguished Service Award

References[edit]

External links[edit]

Reports[edit]