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District of Columbia Bar Moves Toward Sarbox-Like Governance

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The D.C. Bar is the latest non-profit organization to follow the trend toward voluntary Sarbanes-Oxley compliance. According to The BLT: The Blog of LegalTimes,

[t]he D.C. Bar Board of Governors met for its monthly meeting [Tuesday] afternoon, and overhauling the bar's conflict of interest policy to be more in line with the Sarbanes-Oxley Act was on the agenda. "It's a good governance review issue," says a bar spokesperson.

The board also agreed to create a five-member audit committee, which will be separate from the bar's finance committee, the story says. A majority of audit committee seats will be held by board members, but the treasurer will not sit on the audit committee. The immediate past president of the D.C. Bar will serve as chairman.

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