BoardroomDirect: Update on current board issues - August 2012

Corporate Governance Series 09/05/2012 by Center for Board Governance

The August 2012 edition of BoardroomDirect® briefs directors on several topics of interest: the new SEC rules on conflict minerals, the release earlier this month to audit committees from the PCAOB on its inspection program, high-level results from the 2012 proxy season, and guidelines for holding a virtual shareholders meeting.

Audit committee topics briefly addressed in the newsletter include two items from FASB: (1) a discussion about the proposed disclosure framework and its comment period and (2) the exploration of a revised impairment model for financial assets. BoardroomDirect closes out with a summary of resources, webcasts and events for directors to consider.