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Miscellaneous

 

Written by:

Elizabeth S

 

Date added:

August 11, 2011

 

Level:

University

 

Grade:

B

 

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Revise the definition of independent director. They say the definition should read as follows * Members of the audit committee should be independent and have no relationship with the corporation that may interfere with the exercise of their independence from management and the corporation. Point # 2 Require an independent audit committee...
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Point # 2 Require an independent audit committee. This point states that * (NYSE) and the (NASD) Should require companies meeting the size criteria (large) should have an audit committee made up of independent directors. Point # 3 Mandate minimum audit committee sizes and increased financial literacy...
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