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Congress has required the secretary of defense (who reports to Obama) to personally certify security conditions in detainees' destination countries before they can be transferred there.
However, he said, Amgen agreed to sign a corporate integrity agreement that requires executives and board members to personally certify compliance with regulations.
A few modest legislative and regulatory proposals, like one last week requiring chief executives to personally certify financial statements, will complete the trick, they say, without the far-reaching legislation and regulation proposed largely by the Democrats.
One is stiff fines and penalties for reporting misleading financial data; the law requires that a company's chief executive and chief financial officer personally certify the accuracy of its financial statements.
The rules announced yesterday took into account legislation signed earlier this week by President Bush by eliminating requirements that executives personally certify the quality of financial disclosures and that auditors be hired by companies' audit committees rather than by management.
Sarbanes-Oxley, among other things, requires chief executives and chief financial officers to personally certify the accuracy of financial statements–and could throw them in the slammer if any funny stuff goes on.
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The Lebanon-Israel boundary line Israel withdrew to was personally certified by U.N. Secretary General Kofi Annan.
Facing an Aug. 14 deadline to start personally certifying their financial statements, some corporate chiefs are freely sharing the new pressure.
The ISC should "require permanent secretaries of all relevant departments and agencies, including the security services, personally to certify that they have taken all reasonable steps to supply [the ISC] with all relevant information held by their respective departments," Tyrie said.
Top executives should be required to certify personally that the company's public financial reports are accurate and that all information material to the financial health of the company has been disclosed.
Indeed, many are looking twice or more at every move they take, and at every number their company is issuing -- particularly because they will soon, by Securities and Exchange Commission mandate, have to certify personally their company's financial statements.
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CEO of Professional Science Editing for Scientists @ prosciediting.com