Multiple laws in company
SEC stands for security exchange Commission
Creating and ratifying accounting rules
Appointing members to PCOB
Coordinate US security regulations
SEC supervises stock exchanges
SEC supervise public company
Chapter 1: what is the Corporate Governance?
o Contemporary corporate governance started in 1992 with Cadbury report in the
o Cadbury was the result of several high profile company collapses
o It is concerned primarily with
Who is authorized to set the standards? SEC (Security Exchange Commission)
- SEC sets the standards (government authority)
- Structure the financial statement
- In 1972, the oil and gold prices went really high.
FABSEB Board: Private s