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What’s Next? Back-To-Business Boardroom Observations

Richard M. Steinberg | October 19, 2004

If you’re a director or otherwise involved in your company’s corporate governance, you’ve probably done a lot—and accomplished a tremendous amount—during the past year. You’ve updated charters, amended codes of business conduct, and established whistleblower procedures.

You’ve ensured your board has the right expertise, is appropriately independent, and regularly holds executive sessions. You’ve designated an audit committee financial expert, focused closely on your company’s financial disclosures—including earnings releases, proforma financial information, and guidance to analysts—codified record retention policies, and initiated board and committee assessments.

You’ve established shareholder procedures for communicating with the board, have posted public filings...

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