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Sarbanes Oxley
Training and Presentations for the Board of Directors
After the Sarbanes Oxley Act there is a lot of discussion in the
corporate world about the new liabilities of the CEOs and the CFOs.
Today we understand that many organizations have underestimated
the vital role of he board of directors.
The board has the
obligation to understand, to evaluate, to exercise oversight, to
review and approve corporate actions.
More than ever,
organizations need directors who are aware of the risks and
prepared to take on the duties and functions of the boardroom.
After a legal action, the directors have to provide evidence that
they have exercised due diligence.
They have to provide evidence
that they made informed decisions, that they had learned all
material information before making a business decision (there is
"good faith" only in case of an informed decision).
Risks to serving directors have risen exponentially after the new
Basel Capital Accord, the US Sarbanes Oxley Act, the European
Sarbanes Oxley (8th Company Law Directive, E-SOX), the Japanese
Sarbanes Oxley (Financial Instruments and Exchange Law, J-SOX),
the European Union's Financial Services Action Plan (FSAP) that
includes MiFID (Markets in Financial Services Directive, and so
many other Acts, Directives, Regulations.
The members of the board have to understand the new environment
and the new responsibilities in order to protect their reputation
and wealth and their organization.
They have to be aware of the risks and to perform their duties
according to the highest principles and implementation practices.
To learn more you
may visit
www.board-of-directors-compliance-training.com
Sarbanes Oxley
provisions affecting the board of directors and executive
management
Section 301 -
Listed company audit committee independence requirements and
responsibilities
Section 302 and
Section 906 - CEO and
CFO financial statement and certifications
Section 303 - Improper
influence on conduct of audits
Section 304 - If there
is a material restatement of an issuer’s reported financial
results due to the material noncompliance of the company, as a
result of misconduct, the CEO and CFO shall reimburse the issuer
for any bonus or incentive or equity-based compensation received
within the 12 months following the filing with the financial
statements subsequently required to be restated
Section 306 -
Prohibition on insider transactions during pension fund blackout
periods
Section 307 - Audit
Committee or committee of independent directors may have to
consider attorney’s reports regarding material violations of
securities law, breach of fiduciary duty or similar violations
Section 402 -
Prohibition on personal loans to executive officers and directors
of the issuer, subject to limited exceptions
Section 406 - Disclosure
whether the issuer has a code of ethics for senior financial
officers, and if so, of any determination to change or waive the
code
Section 407 - Board
designation and disclosure of audit committee financial expert
Sarbanes-Oxley
defines “audit committee” for purposes of the Act and the Exchange
Act as:
“a committee (or equivalent body) established by and amongst the
board of directors of an issuer for purposes of overseeing the
accounting and financial reporting processes of the issuer and
audits of the financial statements of the issuer; and …if no such
committee exists with respect to an issuer, the entire board of
directors of the issuer”
Free E-book: 100 Job Descriptions in Risk and Compliance
Management
Certified
Sarbanes-Oxley Expert (CSOE)
distance learning and
online certification program
The
Cost:
US$
147
What is included in this
price:
A.
The
official presentations we use in our
instructor-led classes (1015 slides)
Course Synopsis:
www.sarbanes-oxley-association.com/CSOE_Course_Synopsis.htm
B.
Up to
3 Online Exams
There is only
one exam you need to pass, in order to become
a
Certified
Sarbanes-Oxley Expert (CSOE).
If you fail, you must study again
the official presentations, but you do not
need to spend money to try again. Up to 3 exams are included in
the price.
To
learn more you may visit:
www.sarbanes-oxley-association.com/Questions_About_The_Certification_And_The_Exams_1.pdf
www.sarbanes-oxley-association.com/CSOE_Certification_Steps_1.pdf
C.
Personalized Membership Certificate printed in full colour
Processing, printing,
packing and posting to your office or home
To
learn more:
www.sarbanes-oxley-association.com/Distance_Learning_and_Certification.htm
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