Survey Results: Disclosure Controls and Disclosure Committees


This quick survey relates to the latest disclosure controls and disclosure committee trends. This new survey supplements the 2005 survey on disclosure committees.

1. Does your company have a formalized, written set of "Disclosure Controls & Procedures"? (Total responses: n=36)
(select only one)

n=24 (66.67%) Yes
n=12 (33.33%) No

2. Have your company's Disclosure Controls & Procedures been formally updated and revised in the last year? (Total responses: n=36)
(select only one)
n=11 (30.56%) Yes
n=10 (27.78%) No formal changes, but there have been some informal changes during the last year
n=15 (41.67%) No, there have been no changes in the last year

3. Does your company have a Disclosure Committee Charter? (Total responses: n=36)
(select only one)
n=21 (58.33%) Yes
n=15 (41.67%) No
n=0 (0.00%) We don't have a formal Disclosure Committee

4. If there is a formal Disclosure Committee, who is the chairman of the Disclosure Committee? (Total responses: n=35)
(select only one)
n=5 (14.29%) General Counsel
n=2 (5.71%) Securities Counsel
n=11 (31.43%) CFO
n=1 (2.86%) COO
n=9 (25.71%) Controller
n=0 (0.00%) Corporate Secretary
n=7 (20.00%) Other (please specify)