The Full Service Firm: McKenna Comments For Canada’s The Bottom Line On Legal Services
I’m quoted extensively in an October 2014 The Bottom Line piece on the Big Four expansion into full-fledged legal services.
I’m quoted extensively in an October 2014 The Bottom Line piece on the Big Four expansion into full-fledged legal services.
The AgFeed case is the mother lode for an SEC that says it’s ready to rack up some accounting fraud enforcement points and, perhaps, pursue a more aggressive enforcement approach to sparsely utilized Sarbanes-Oxley provisions like Section 304, clawbacks.
It is highly unusual for a board member, especially an audit committee member, to be a fraud whistleblower for a public company. Milton Webster, a former AgFeed director, did it but he, unfortunately, won’t be around to see the result of his significant social and professional sacrifice.
If the JP Morgan “Whale” settlement was a true Sarbanes-Oxley success story, we’d see some bank executives going to jail. For a change.
I’m a panelist July 12 for, “Auditors, the Board and Shareholders: An Evolving Relationship,” at the Society of Corporate Secretaries and Governance Professionals Annual Meeting in Washington DC.
Stanford University Graduate School of Business Professor David Larcker and his research associate, Brian Tayan, have developed a case study on the recent David Sokol – Berkshire Hathaway corporate governance slip-up. They emphasize, “The success of this system is predicated on the expectation that Berkshire Hathaway managers operate with high levels of integrity.” I don’t think Berkshire Hathaway’s leadership defines corporate governance the way everyone thinks they do. The bigger question is: Should that matter to their investors or anyone else?
Audit committees must proactively probe management and the auditors to gain insight and to make necessary oversight decisions. This is an article that appeared in Internal Auditor’s June 2010 issue.
—–Original Message—–From: Roman Weil [mailto:roman.weil@chicagogsb.edu] Sent: Friday, April 15, 2005 12:27 AM To: Ms. X Cc: dcoates@gsb.uchicago.eduSubject: Doug: This is Ms. X, (the commenter from last night), who had that clever insight about its being independence, not literacy, driving our results. She wants to be in touch with us. Ms. X: You are terrific. many […]