On October 24, 2017, the Weinberg Center co-hosted with the Center for Audit Quality a roundtable discussion, "Telling Your Company's Story: The Board's Role in Disclosure."
While the SEC's recent focus on non-GAAP measures has garnered attention in the boardroom, it is only one example of increased attention from regulators and others, including shareholders, on the Board's role in telling a company's story through disclosure oversight and engagement. The roundtable explored: legal boundaries for directors; board best practices in the oversight of disclosure; the investor perspective; SEC Disclosure Effectiveness. The participants included:
- Eileen R. Cohen, Managing Director, US Equity, JPMorgan Asset Management
- Robert Evans III, Chief of the Office of International Corporate Finance, Division of Corporation Finance, U.S. Securities and Exchange Commission
- Margaret (Peggy) M. Foran, Chair of the Occidental Petroleum Compensation Committee; and Chief Governance Officer, SVP and Corporate Secretary, Prudential Financial, Inc.
- Cynthia M. Fornelli, Executive Director, Center for Audit Quality
- Douglas L. Maine, Limited Partner and Senior Advisor for Brown Brothers Harriman & Co.; Director, Audit Committee Chair, and member of the P&C Committee, Orbital-ATK Inc.; Director, Audit Committee Chair, and member of the N&G Committee, BroadSoft, Inc.; Director and member of the Audit and N&G Committees, Albemarle, Inc.
- The Honorable John W. Noble, Partner, Morris James LLP; former Vice Chancellor, Delaware Court of Chancery
- Sharon A. Virag, Vice President, Controller and Chief Accounting Officer, AETNA
- John W. White, Partner, Corporate Department, and Chair of Corporate Governance & Board Advisory Practice, Cravath Swaine & Moore LLP
Moderator: Charles M. Elson, Director of the Weinberg Center, Edgar S. Woolard Chair in Corporate Governance, and Professor of Finance, University of Delaware
For more information about the program and to see the program materials, go Here.