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An Overview of the Complications Which Surround
A Excerpts From the Report on the Subcommittee
Current Legal Environment in Which Outside
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accounting principles action activities annual appointment approved audit committee Auditing Standards authority board committee board meetings board members board of directors Castellucci CCH Fed chairman chief executive officer committee members company's compensation conduct consent decree Coopers & Lybrand Corporate Laws corporation's court David Stirling derivative suit disclosure duties effect employees errors or irregularities evaluation Exchange Commission executive committee financial statements full board function illegal act independent accountants independent auditors independent directors inside directors insurance companies internal audit internal control investigation involved Kheel Korn/Ferry International liability litigation major management's material MATTEL matters meeting fee ment merger mittee monitoring operations payments Penn Central percent performance persons practices problems procedures proposed proxy questions reasonable rely responsibility role SEC's Section 35 Securities and Exchange selection serve shareholders Special Auditor Special Counsel staff Stirling Homex tion transactions York Stock Exchange