Disclosure Committees (June-July 2004)

Survey Results
1. Our company: (Total responses: n=113)
(select only one)
n=108 (95.58%) has a disclosure committee
n=5 (4.42%) doesn't have a disclosure committee (if you check this box, you are done)

2. Our disclosure committee has: (Total responses: n=108)
(select only one)
n=28 (25.93%) more than 10 members
n=20 (18.52%) between 8-9 members
n=31 (28.70%) between 6-7 members
n=24 (22.22%) between 4-5 members
n=5 (4.63%) has less than 4 members

3. Our disclosure committee has the following types of members (Total responses: n=108)
(select all that apply, may total more than 100%)
n=30 (27.78%) CEO
n=65 (60.19%) CFO
n=93 (86.11%) Controller
n=81 (75.00%) General Counsel
n=75 (69.44%) Securities Counsel
n=40 (37.04%) Compliance or Risk Management
n=87 (80.56%) Investor Relations Officer
n=53 (49.07%) Internal Auditor
n=50 (46.30%) Officer from a Business Unit
n=47 (43.52%) Other

4. Due to the time pressures from the upcoming 8-K rules, our company: (Total responses: n=106)
(select all that apply, may total more than 100%)
n=3 (2.83%) Will likely, or already has, reduce the size of our disclosure committee
n=3 (2.83%) Will likely, or already has, change the composition of our disclosure committee
n=17 (16.04%) Will likely, or already has, formed a new committee to handle 8-K disclosures (a committee that is separate from the disclosure committee)
n=84 (79.25%) Will likely keep the size and composition of our disclosure committee the same

 

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