Corporate Governance

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The SEC adopted rules in November to improve public companies’ disclosure of the processes they follow in appointing directors and the means by which securities holders can communicate with them ( ). Among the rules’ provisions—which took effect January 1—are, for example, requirements that each company disclose

Whether members of the committee nominating directors satisfy independence requirements and what minimum qualifications and standards the company expects of director nominees.

Whether the company has a process by which shareholders can communicate with directors and—if not—an explanation why and whether the company screens such communications and—if so—in what way.

The commission also approved rules the New York Stock Exchange and the Nasdaq stock market adopted to strengthen listed companies’ corporate governance standards ( ). They tighten the definition of director independence and require the majority of a listed company’s board members to comply with the stricter standards. The rules also mandate and facilitate independent director oversight of corporate governance, auditing, director nomination and compensation control systems. Comments are due by February 4.


Year-end tax planning and what’s new for 2016

Practitioners need to consider several tax planning opportunities to review with their clients before the end of the year. This report offers strategies for individuals and businesses, as well as recent federal tax law changes affecting this year’s tax returns.


News quiz: Retirement planning, tax practice, and fraud risk

Recent reports focused on a survey that gauges the worries about retirement among CPA financial planners’ clients, a suit that affects tax practitioners, and a guide that offers advice on fraud risk. See how much you know with this short quiz.


Bolster your data defenses

As you weather the dog days of summer, it’s a good time to make sure your cybersecurity structure can stand up to the heat of external and internal threats. Here are six steps to help shore up your systems.