Bias and Conflict Of Interest

Essay specific features

 

Issue:

Social Issues

 

Written by:

George J

 

Date added:

August 6, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 782

 

Was viewed:

6878 times

 

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Essay content:

Subsequent to this contract, a Sr. Vice President of Aetna was appointed to the board of directors of the Fortune 500 company. He was also appointed to the Audit committee which is a subset of the board of directors. Responsibilities of this financial auditing committee include review of the financial integrity of company’s accounting and review of its health insurance programs...
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SEC rules and regulations require each publicly traded company to have independent members on their board of directors and committees. SEC also requires publicly traded companies to have their audit committee’s filled with independent directors. Per the letter of the law, this clearly was not the case...
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