Best Practices
The following sources provide best practice information relevant to audit committees:
Conference Board Commission on Public Trust
and Private Enterprise
http://www.conference-board.org/knowledge/governCommission.cfm
The Conference Board Commission on Public Trust and Private Enterprise
was formed to address abuses which led to corporate scandals and declining
public trust in companies. The Commission has examined compensation, auditing,
and governance issues facing corporate America and issued best-practices
guidelines.
ABA Corporate Responsibility Task Force Report
http://www.abanet.org/buslaw/corporateresponsibility
Created
in March, the Task Force on Corporate Responsibility examines issues relating
to corporate responsibility and the framework of laws and regulations and
ethical principles governing the roles of lawyers, executive officers,
directors, and other key participants.
The Business Roundtable – Principles of
Corporate Governance
http://www.businessroundtable.org/pdf/CorporateGovPrinciples.pdf
The
Business Roundtable is an association of CEOs of leading corporations. These principles were originally issued in May 2002 and were updated and
reissued in November 2005.
National Association of Corporate Director’s Web Page
http://www.nacdonline.org/
NACD
is a membership association for directors and provides educational, publishing
and consulting services. This site
includes provides numerous publications and seminars relating to best
practices, for a fee.
SEC - Making Audit Committees More
Effective
http://www.sec.gov/news/speech/spch543.htm
Influential Speech by SEC’s Chief Accountant