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“We really liked the anonymity, so we felt confident sharing thoughts and being straightforward. Because of response to one question, we moved to rotating committee chairmanships. It was the right amount of time and appropriate content. We liked the report…”
- Anonymous director, NYSE/Energy company
by Susan Shultz (Feb, 2010) - Due to the financial crisis and extraordinary cases of government intervention, the traditional role of boards is threatened by an increased sentiment that directors are failing to do their jobs. Board evaluations can be a way to raise the bar to the next level and demonstrate effectiveness and commitment to improving. … (read more)
by Tracy E. Houston (March, 2010) - Tom Frey talks about a competitive edge through systems thinking … (read more)
by Tracy E. Houston (March, 2010) - Suppose you are asked to serve on a board of directors. What should you ask about and give thoughtful consideration before agreeing to serve? … (read more)
by Tracy E. Houston (March, 2010) - As boards reflect on the causes of the 2008-09 financial crises, current governance studies suggest that a top priority is risk management… (read more)
(June, 2010) - Newsflash in an INAC - Executive Search Worldwide Publication… (read more)
Robert C. Gross, Robert C. Gross Associates
Robert_Gross_TBI_Release_sent.pdfRobert_Gross_TBI_Release_sent.pdf
Section 407 of The Sarbanes-Oxley Act of 2002 requires at least one financial expert to serve on the audit committee of the board. This legislation was codified in January 2003 by the Securities and Exchange Commission (SEC) when it issued Final Rule #33-8177, “Disclosure Required by Sections 406 and 407 of the Sarbanes- Oxley Act of 2002.”
In today’s uncertain climate, FEI members and other senior financial executives may wonder whether they should serve on a board of directors, and whether they should be identified as “the financial expert.”
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