Consequently, the upward trend of public debt would accelerate over the next decade, to 96.2 percent of GDP by 2028, nearly 20 percentage points above the level recorded last year.3 Notwithstanding the short-term boost of these measures to economic activity, their potential to accentuate vulnerabilities in both the US and the global economy is substantial.
Rather than a ‘comply or explain’ approach, our corporate governance framework has sharper teeth by being enforceable. It also includes restrictions on the number of board directorships that could be held simultaneously, with the goal of encouraging more diversity of background and robustness of challenge by broadening the gene pool of corporate life.