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Sarbanes-Oxley News & Developments
Corporate Boards Undergo ShakeupMost companies hired new directors this year, while many are increasing the pay of committee chairs.
> > The Sarbanes-Oxley Act has increased stress on the roles of audit, compensation, and other key board committees appears to have moved companies to boost the pay of committee chairs, a recent survey suggests. Sixty-four percent of the respondents reported that their corporations added compensation to board members that serve as a board committee chair.
Source: CFO
Published:2004-06-09
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