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Guest: Paula Loop, Head of PwC's Governance Insights Center
Following the passage of the Sarbanes-Oxley Act in 2008, the audit committee was in the spotlight. Whether it was overseeing Section 404(b) or hiring financial experts, all topics seemed to contribute to the effectiveness of the audit committee.
Today, more attention is paid to compensation, nomination and governance, or even the formation of board committees. Yet the audit committee remains at the heart of board effectiveness. So how can today's audit committee members and chairs ensure they are setting themselves up for success?
"The first thing I would do is make sure you have a handle on the composition of your committee," Loop said. "Consider things like succession planning…"
In this episode, Loop describes several ways audit committee chairs can improve their performance – from board meetings and succession planning to proxy disclosures and agendas.
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