Mary Schapiro, former chairman of the U.S. Securities and Exchange Commission, has joined the Center for Audit Quality's Governing Board. Schapiro will serve as one of three independent Governing Board members who come from outside the public company auditing profession.
During Schapiro's four years as SEC chairman, from January 2009 to December 2012, the SEC pursued one of the busiest rulemaking agendas in its history, while bringing a record number of enforcement actions. Additionally, the agency executed a comprehensive restructuring program to improve protections for investors.
Before becoming SEC chairman, Schapiro served as CEO of the Financial Industry Regulatory Authority, the largest nongovernmental regulator of securities firms. Earlier, she was Commodity Futures Trading Commission (CFTC) chairman and a commissioner of the SEC. She began her career at the CFTC, serving first as a trial attorney and later as counsel and executive assistant to the chairman. Schapiro was the first woman to serve as SEC chairman, and the only person to have served as chairman of both the SEC and the CFTC.