Another result of Sarbanes

Another result of Sarbanes - must contain at least one...

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Another result of Sarbanes-Oxley is that companies now pay more attention to the composition of the board of directors. In particular, the audit committee of the board of directors must be comprised entirely of independent members (that is, non-employees) and
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Unformatted text preview: must contain at least one financial expert. Finally, to increase the likelihood of compliance (agreement) with the rules that are part of the new legislation, the law substantially increases the penalties for misconduct....
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This note was uploaded on 12/25/2011 for the course ACCOUNTING ac 202 taught by Professor - during the Fall '11 term at Montgomery.

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