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National Association Of Corporate Directors
The National Association of Corporate Directors (NACD) is an independent, not-for-profit, section 501(c)(3) founded in 1977 and headquartered in Arlington, Virginia. NACD's membership includes the entire boards of 1,700+ corporations as well as several thousand individual members, for a total of more than 23,000 members. Membership is open to individuals serving on boards of public, private, and nonprofit organizations from both the United States and overseas. The organization is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. NACD operates at both a national and local level, with more than 20 chapters across 35 major metropolitan cities within the United States providing educational programs and networking opportunities. The organization collaborates with various other organizations such as Heidrick & Struggles, KPMG's Audit Committee Institute, Marsh & McLenna ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arlington, Virginia
Arlington County is a county in the Commonwealth of Virginia. The county is situated in Northern Virginia on the southwestern bank of the Potomac River directly across from the District of Columbia, of which it was once a part. The county is coextensive with the U.S. Census Bureau's census-designated place of Arlington. Arlington County is considered to be the second-largest "principal city" of the Washington metropolitan area, although Arlington County does not have the legal designation of independent city or incorporated town under Virginia state law. In 2020, the county's population was estimated at 238,643, making Arlington the sixth-largest county in Virginia by population; if it were incorporated as a city, Arlington would be the third most populous city in the state. With a land area of , Arlington is the geographically smallest self-governing county in the U.S., and by reason of state law regarding population density, it has no incorporated towns within its bor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Enron
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was founded by Kenneth Lay in 1985 as a merger between Lay's Houston Natural Gas and InterNorth, both relatively small regional companies. Before its bankruptcy on December 2, 2001, Enron employed approximately 20,600 staff and was a major electricity, natural gas, communications, and pulp and paper company, with claimed revenues of nearly $101 billion during 2000. ''Fortune'' named Enron "America's Most Innovative Company" for six consecutive years. At the end of 2001, it was revealed that Enron's reported financial condition was sustained by an institutionalized, systematic, and creatively planned accounting fraud, known since as the Enron scandal. Enron has become synonymous with willful corporate fraud and corruption. The scandal also brought into question the accounting practices and activities of many corporations in the United States and was a factor in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate Governance In The United States
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e. by an ''ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: by whether they can issue stock, or by whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied by a single natural person). One of the most attra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Organizations Based In The United States
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbara Franklin
Barbara Hackman Franklin (born March 19, 1940) is an American government official, corporate director, and business executive. She served as the 29th U.S. Secretary of Commerce from 1992–1993 to President George H. W. Bush, during which she led a presidential mission to China. Prior to her cabinet position, Franklin served in the presidential administrations of Richard Nixon, Gerald Ford, Jimmy Carter, and Ronald Reagan. She was one of the original commissioners and first vice chair of the U.S. Consumer Product Safety Commission. In 2006, she received the Woodrow Wilson Award for Public Service. Franklin has served on the board of directors of 18 companies, including Dow Chemical, Aetna Inc., Westinghouse, and Nordstrom. ''Directorship'' magazine and the American Management Association named her one of the most influential people in corporate governance, and in 2014 she was inducted into the ''Directorship'' 100 Hall of Fame. She is currently the president and CEO of Barbara ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Audit Committee
An audit committee is a committee of an organisation's board of directors which is responsible for oversight of the financial reporting process, selection of the independent auditor, and receipt of audit results both internal and external. In a U.S. publicly traded company, an audit committee is an operating committee of the board of directors charged with oversight of financial reporting and disclosure. Committee members are drawn from members of the company's board of directors, with a Chairperson selected from among the committee members. A qualifying (cf. paragraph "Composition" below) audit committee is required for a U.S. publicly traded company to be listed on a stock exchange. Audit committees are typically empowered to acquire the consulting resources and expertise deemed necessary to perform their responsibilities. The role of audit committees continues to evolve as a result of the passage of the Sarbanes-Oxley Act of 2002. Many audit committees also have oversight of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-executive Director
A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a corporation, such as a company, cooperative or non-government organization, but not a member of the executive management team. They are not employees of the corporation or affiliated with it in any other way and are differentiated from executive directors, who are members of the board who also serve, or previously served, as executive managers of the corporation (most often as corporate officers). However they do have the same legal duties, responsibilities and potential liabilities as their executive counterparts. Non-executive directors provide independent oversight and serve on committees concerned with sensitive issues such as the pay of the executive directors and other senior managers; they are usually paid a fee for their services but are not regarded as employees. All directors should be capable of seeing corporate and busines ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Securities And Exchange Commission
The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market manipulation. In addition to the Securities Exchange Act of 1934, which created it, the SEC enforces the Securities Act of 1933, the Trust Indenture Act of 1939, the Investment Company Act of 1940, the Investment Advisers Act of 1940, the Sarbanes–Oxley Act of 2002, and other statutes. The SEC was created by Section 4 of the Securities Exchange Act of 1934 (now codified as and commonly referred to as the Exchange Act or the 1934 Act). Overview The SEC has a three-part mission: to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. To achieve its mandate, the SEC enforces the statutory requirement that public companies and other regulated companies submit quarterly and annual reports ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Billy Tauzin
Wilbert Joseph Tauzin II (; born June 14, 1943) is an American lobbyist and politician. He was President and CEO of PhRMA, a pharmaceutical company lobby group. Tauzin was also a member of the United States House of Representatives from 1980 to 2005, representing Louisiana's 3rd congressional district. Personal life Of Cajun descent, he is a lifelong resident of Chackbay, a small town just outside Thibodaux, Tauzin graduated from Nicholls State University in 1964 with a Bachelor of Arts Degree and earned a J.D. degree from Louisiana State University in 1967. While attending law school, he served as a legislative aide in the Louisiana state Senate. He is married to Cecile Tauzin and has five children by a previous marriage. Political career Tauzin began his elective career in 1972, when he was elected to the Louisiana House of Representatives and served four full terms as a Democrat. In his first term, he served alongside fellow Democrats Dick Guidry and Leonard J. Chabert ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Energy And Commerce Committee
The Committee on Energy and Commerce is one of the oldest standing committees of the United States House of Representatives. Established in 1795, it has operated continuously—with various name changes and jurisdictional changes—for more than 200 years. The two other House standing committees with such continuous operation are the House Ways and Means Committee and the House Rules Committee. The committee has served as the principal guide for the House in matters relating to the promotion of commerce and to the public's health and marketplace interests, with the relatively recent addition of energy considerations among them. Role of the committee The House Committee on Energy and Commerce has developed what is arguably the broadest (non-tax-oriented) jurisdiction of any congressional committee. The committee maintains principal responsibility for legislative oversight relating to telecommunications, consumer protection, food and drug safety, public health, air quality and env ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
WorldCom
MCI, Inc. (subsequently Worldcom and MCI WorldCom) was a telecommunications company. For a time, it was the second largest long-distance telephone company in the United States, after AT&T. Worldcom grew largely by acquiring other telecommunications companies, including MCI Communications in 1998, and filed bankruptcy in 2002 after an accounting scandal, in which several executives, including CEO Bernard Ebbers, were convicted of a scheme to inflate the company's assets. In January 2006, the company, by then renamed MCI, was acquired by Verizon Communications and was later integrated into Verizon Business. Worldcom was originally headquartered in Clinton, Mississippi before relocating to Ashburn, Virginia when it changed its name to MCI. History Foundation In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernard Ebbers and three other investors formed Long Distance Discount Services, Inc. based in Jackson, Mississippi and in 1985, Ebbers was named chief executive off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company Accounting Oversight Board
The Public Company Accounting Oversight Board (PCAOB) is a nonprofit corporation created by the Sarbanes–Oxley Act of 2002 to oversee the audits of public companies and other issuers in order to protect the interests of investors and further the public interest in the preparation of informative, accurate and independent audit reports. The PCAOB also oversees the audits of broker-dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection. All PCAOB rules and standards must be approved by the U.S. Securities and Exchange Commission (SEC). Purpose In creating the Public Company Accounting Oversight Board (PCAOB), the Sarbanes-Oxley Act required that auditors of U.S. public companies be subject to external and independent oversight for the first time in history. Previously, the profession was self-regulated. Congress vested the PCAOB with expanded oversight authority over the audits of brokers and dealers registered with the S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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