51. Under stock exchange rules, audit committees must have at least three directors who have no business ties to the company unless the board deems the link immaterial. 52. Under the settlement agreement, MicroStrategy has added an independent director with finance experience to the audit committee of its board. 53. Waste Management said its actions were based on the first phase of a review by its audit committee. 54. Weil, Gotshal was retained to represent an audit committee composed of independent directors charged with investigating the fraud. 55. While both the New York Stock Exchange and NASD require companies to have independent audit committees, the current rules are weak. 56. Poh has also been appointed to the audit committee. 57. But Blatter gave a positive report of the meeting, announcing that the committee had agreed to restart an audit committee looking into FIFA finances. 58. Chairman Ling Yew Kong and Lew Chee Seng have been appointed as members of the audit committee. 59. Choi, Soh and Joseph Lai also resigned as members of the audit committee. 60. Chairman Ling Yew Kong and Lew Chee Seng have been appointed members of audit committee effective the same date. |
|