| Publisher | Fried, Frank, Harris, Shriver & Jacobson | ||
|---|---|---|---|
| Format | HTML | Date added | 11 Mar 2003 |
| Topics | Law and Government, Sarbanes-Oxley | ||
| Downloads | 190 | ||
The liability risk for directors and officers has never been higher. Directors and officers face increasing responsibility, heightened time commitments and lower investor tolerance for performance and governance failures, all triggering potentially greater risks of litigation. Audit committee members in particular are becoming responsible for appointing the auditors, reviewing non-audit services, and overseeing procedures to encourage whistleblowers.
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