First, a selection from some shared words:
“Corporate Governance may be defined as “A set of systems, processes and principles which ensure that a company is governed in the best interest of all stakeholders.” It ensures Commitment to values and ethical conduct of business; Transparency in business transactions; Statutory and legal compliance; adequate disclosures and effective decision-making to achieve corporate objectives. In other words, Corporate Governance is about promoting corporate fairness, transparency and accountability. Good Corporate Governance is simply Good Business.”
Second, a brief selection about the GNP, from (in brief words) Wiki:
“Basically, GNP is the total value of all final goods and services produced within a nation in a particular year, plus income earned by its citizens (including income of those located abroad), minus income of non-residents located in that country. GNP measures the value of goods and services that the country’s citizens produced regardless of their location. GNP is one measure of the economic condition of a country, under the assumption that a higher GNP leads to a higher quality of living, all other things being equal.”
This is why we ask:
Please contact Senator Dianne Feinstein and Senator Barbara boxer to ask them to oppose HR 1406, the so-called Working Families Flexibility Act.
HR 1406 would actually allow employers to stop giving workers any extra pay for overtime work and instead substitute “comp time.”
What would HR 1406 mean for most workers?
1. “Comp Time” means a pay cut – Workers compensated with time off rather than cash would see a reduction in their take-home pay.
2. “Comp Time” means mandatory overtime – “Comp time” legislation would make mandatory overtime less expensive for employers. Under “comp time” legislation, employers may be able to receive the benefits of overtime work at no additional cost to themselves.
3. “Comp Time” means more unpredictable work schedules for employees – Making mandatory overtime cheaper for employers would keep workers on the job longer and result in more unpredictable worker schedules and, for workers with children, higher day care costs.
4. “Comp Time” undermines the 40-hour workweek – The only incentive for employers to maintain a 40-hour workweek is the requirement under the Fair Labor Standards Act that they pay a time-and-a-half cash premium for overtime. “Comp time” legislation, by contrast, would encourage employers to demand longer hours by making overtime less expensive.
5. “Comp Time” is not voluntary – Workers can be coerced into accepting “Comp Time” and the employer has the ultimate authority to determine when a worker can use accrued “comp time.”
The AFL-CIO has set up a phone system (below) to call your representative.
Call our Senators today to oppose H.R. 1406: 1-888-866-2561.