In the past several years, the SEC has substantially increased requirements for the audit committees of public companies. The NYSE, NASD and AMEX have also created requirements for audit committee members. Read this article to see how to navigate these requirements and reform your company's audit committee requirements in light of the Enron debacle.
This article discusses how and when to use special committees in corporate governance matters and offers practical tips for dealing with the issues facing special committees, especially in interested fiduciary transactions.
In re: Caremark International Inc. Derivative Litigation marks an increasing tendency on the part of courts to require a higher level of director involvement in the business affairs of the corporation than has historically been the case. Kathryn A. Finerty, of Universal Foods Corporation, places Caremark in a historical context and examines its significance to in-house counsel advising directors on their duty of care.