Corporate governance1.2_2010

Corporate governance1.2_2010 - Corporate governance Click...

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Click to edit Master subtitle style 8/22/11 Corporate governance Sarbanes Oxley and governance Audit committees
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8/22/11 SOX and stock exchange requirements SOX 2002 changed requirements for governance Rule changes followed in NYSE and NASDAQ requirements Both attempted to enhance quality of financial information provided to investors
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8/22/11 Rules – financial disclosures The CEO and CFO must certify the F/ S The report does not contain any untrue statements of material misstatement or omit material fact The F/S and disclosures are presented fairly in all material respects CEO and CFO are responsible for and have evaluated the effectiveness of
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8/22/11 Rules – financial disclosures Company codes of ethics SOX requires that companies disclose in SEC filings whether they have a code of ethics in place Both NASDAQ and NYSE require the same with NASDAQ requiring such code be made publicly available Accelerated reporting of and new restrictions on trading by insiders
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8/22/11 Rules – financial disclosures Future personal loans to directors and officers are prohibited Real time disclosures of important changes On a rapid and current basis In plain English
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8/22/11 Rules – governance (BOD)
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Corporate governance1.2_2010 - Corporate governance Click...

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