state how it is intended to help to address the risk of fraud in publicly traded organizations.
Below is a summary of the SEC corporate governance requirements of companies publicly-listed in the stock exchange. For each requirement, state how it is intended to help to address the risk of fraud in publicly traded organizations.
a. The corporate governance committee must have a written charter that addresses the committee's purpose and responsibilities, and there must be annual performance evaluation of the committee.
b. Boards must have an audit committee with a minimum of three independent members.
c. The audit committee must have a written charter that addresses the committee's purpose and responsibilities, and the committee must produce an audit committee report; there must also be an annual performance evaluation of the committee.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
