Board’s operations allowed to continue
The imposition of board independence requirements improves the link between executive pay and performance in firms that weren’t previously very independent, a new working paper published by the Bank of Canada.“In this paper, I find that the independence requirement imposed on boards of directors by the Sarbanes-Oxley Act of 2002, together with the governance regulations […]
Six measures address advisory committee recommendations
Guidance is intended to help public companies strengthen their internal control over financial reporting while reducing unnecessary costs
Proposals should significantly improve the implementation of SOX Section 404
Regulator postponing Section 404 reporting requirements
Rules will allow companies to focus on the most important aspects of internal controls and financial reporting, Greifeld say
Proposed amendments clarify auditor’s reporting requirement
Investments in technology pay off in more accurate financial reporting
Regulator pushes back initial compliance date