This seminar is designed for attorneys, CPAs, presidents and vice presidents, finance executives, business owners and managers, board of directors and bankers of publicly-traded and private companies and not-for-profit organizations.
The Sarbanes-Oxley Act was enacted by Congress in response to the major corporate, accounting and document destruction scandals that rocked the stock markets recently. To restore investor confidence, the Act establishes a framework for corporate accountability, including strict new standards and penalties for violations in the areas of corporate governance, disclosures, audits, financial reporting and conflicts of interest. Although originally enacted only for public companies, the Act is quickly becoming the “standard of care” for privately owned and not-for-profit companies, including healthcare organizations. The IRS and the Office of Inspector General are rapidly adopting the Act’s principles to raise the bar regarding corporate governance and management accountability, examining the independence of Boards of Directors, audit committees, the effectiveness of compliance programs for reporting information to management and directors, policies and procedures for document retention and destruction and treatment of ”whistleblowers” in a company. This seminar will review the Act’s requirements and penalties, give practical solutions to assist in compliance with the Act and the standards it has set for management and directors and examine the impact of the Act on directors and officers’ liability insurance.
8:30 a.m. - 10:00 a.m.
I. Navigating The Sarbanes-Oxley Act
A. History Of The Act
B. Who Is Regulated
C. Key Reforms
D. Corporate Governance Requirements
E. Reporting Requirements
10:00 a.m - 10:10 a.m.
10:10 a.m - 11:10 a.m.
II. Effect Of Sarbanes-Oxley On Private Companies And Not-For-Profit
A. New Standard Of Care For Board Of Directors And Management
11:10 a.m. - 12:10 p.m.
III. Whistleblower And Criminal Provisions Of The Act
12:10 p.m. - 1:10 p.m.
Lunch (On Your Own)
1:10 p.m. - 2:10 p.m.
IV. Document Retention Policies After Andersen
A. Are You Protected?
2:10 p.m. - 3:10 p.m.
V. Functions Of Board Audit Committee And Independent Auditors/
3:10 p.m. - 3:20 p.m.
3:20 p.m. - 4:20 p.m.
VI. Directors And Officers Liability Insurance
A. New Concerns From Sarbanes-Oxley
4:20 p.m. - 4:30 p.m.
VII. Questions And Answers/Panel Discussion