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In addition, audit committees and compensation committees must be made up entirely of independent directors.
Audit committees must be proactive, not merely reactive, to ensure the quality and integrity of corporate financial reports.
Under the new law, all members of the committees must be told of such activities, though detailed briefings may still be restricted to the Gang of Eight.
Unlike 527s, unions can coordinate some activities with campaigns, and spending by their political action committees must be reported to federal regulators.
Corporate governance standards that require the listed company boards to have a majority of independent (nonemployee) directors were introduced in 2003; audit, compensation, and nomination committees must be composed entirely of independent directors.
The debate before the commission in part pits those who say 527 committees must be regulated to protect the integrity of the law against those who argue that lawmakers would have addressed 527's if they wanted to.
Similar(48)
The N.C.A.A. selection committee must be proud of itself.
But I'm just as confused as the selection committee must be.
According to some, that's because the selection committee must be incompetent, biased or even corrupt.
To do all this, the new committee must be bipartisan and bold.
Information about any pay in shares to the members of this committee must be disclosed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com