Thursday, November 18, 2004

404 Compliance, Exec Compensation Top Governance Issues Among Directors

Executive compensation and internal audit compliance issues rank as the top concerns of corporate directors, according to a survey by the Columbia Business School Executive Education Division.

Nearly 40 percent of directors polled identified compensation, while one-third cited compliance with Section 404 of Sarbanes-Oxley as today's key issues in corporate governance, during a poll at the recent Columbia Executive Education course, "Accounting Essentials for Corporate Directors: Enhancing Financial Integrity."

"Director concern over executive compensation and Sarbanes-Oxley compliance is unabated. When we surveyed corporate directors six months ago, they cited the same concerns," noted Ethan Hanabury, associate dean of executive education at Columbia Business School.

404 Compliance, Exec Compensation Top Governance Issues Among Directors

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