TheCorporateCounsel.net

Thanks to Kris Veaco of the Veaco Group, we have posted a second “Pro or Troll?” quiz that will test your knowledge about board agendas. Give it a try (and let me know if you want to compile your own quiz for our amusement)!

Survey: CFOs and Controllers on Governance Issues

Grant Thornton recently conducted a national survey of CFOs and senior comptrollers on some governance issues. Here are the results:

1. Do you believe the roles of CEO and chairman of the board should be independent of each other? Yes – 79%; No – 21 %

2. Should the SEC revise 8-K rules to require reasons for all company dismissals of auditors, for all auditor resignations and for all instances in which the auditor chooses not to stand for reappointment? Yes – 76%; No – 21%

3. Do you believe shareholders in public companies should have greater access to the proxy? Yes – 66%; No – 30%

4. Do you believe that small cap companies who test internal controls (according to Sarbanes-Oxley) will be looked upon more favorably by investors than those who do not test internal controls? Yes – 69%; No – 30%

5. Do you consider the newly issued guidance (AS 5) from the SEC on internal controls and the new audit standard for auditing internal controls to be a significant improvement over previous rules? Yes – 44%; No – 48%

Our November Eminders is Posted!

We have posted the November issue of our complimentary monthly email newsletter. Sign up today to receive it by simply inputting your email address!

– Broc Romanek