How has the Sarbanes-Oxley Act had a significant impact on corporate governance?
The Sarbanes-Oxley Act requires all audit committee members to be independent and requires the audit committee to hire and oversee the external auditors. This provision is consistent with many investors who consider the board composition to be a critical investment factor. For example, a Thomson Financial survey revealed that most institutional investors want corporate boards to be comprised of at least 75 percent independent directors.
Two other significant provisions of the act relating to corporate governance are (1) public companies
are prohibited from making loans to executive officers and directors, and (2) the act requires
attorneys to report evidence of a material
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A company that has the regional vice presidents for North America, Latin America, Europe, and Africa reporting to the international division president is said to be a(n) ________
A) international subsidiary B) geographical organization C) world product group D) export department E) hierarchical organization
If email or text messaging does not seem to be getting the results desired by the sender, then the sender should ______.
a. rewrite the message using only capital letters b. send twice as many messages as he had been sending in order to try to get a response c. stop trying to contact the receiver d. just pick up the phone and call the receiver instead
American major appliance manufacturers have recently adopted a strategy that calls for better quality in their products. One method of implementing this strategy at the operations level is through
A. innovation circles. B. a Gantt chart. C. PERT. D. quality circles. E. another layer of resourceful managers.
A manufacturer's or supplier's use of an independent third party to manage an entire function of the logistics system, such as transportation, warehousing, or order processing, is called:
A. outsourcing B. mediation C. intermediary distribution D. benchmarking E. disintermediaton