Posts Tagged "Corporate Governance & Compliance"

SOX’s Ten Year Anniversary: What Are The Takeaways

»Posted in News & Resources

Wow, time flies, even if you’re not having all that much fun. The Sarbanes-Oxley Act (SOX) will “celebrate” its 10-year anniversary this July 30, 2012. Enacted in the aftermath of large scale corporate accounting scandals like Enron and WorldCom, SOX had the laudable goals of deterring accounting fraud and shoring up confidence in public companies’ financial integrity. But it was a controversial set of regulations that were passed back in 2002. It imposed a host of new duties and responsibilities on public companies, and at a considerable cost. Those of us in public companies at the time had a wide range of reactions, from outrage over perceived regulatory overkill to a shrug that SOX merely codified what were sound corporate governance practices. Your faithful...

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A Matter of Minutes: Tips and Best Practices for Drafting Board Meeting Minutes

»Posted in News & Resources

We’ll start this blog right off by admitting that preparing corporate minutes can be a tedious chore, oft postponed and viewed as a lowly ministerial task. However, minutes are a very important record for your business and in some instances can take on a critical significance – good or bad. This is true for large publicly traded companies or smaller privately owned ones. Somewhere – whether it is auditors, shareholders or a potential acquirer of the company – someone will be taking a good close look at your minutes. Sloppy minutes cause problems. Good minutes assure the reviewer that your company is well run with appropriate practices and procedures in place. Minutes do matter, so treat them with respect! With that in mind, here are some tips for preparing...

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