tailieunhanh - Lecture Corporate governance and ethics: Chapter 6 - Rezaee

Chapter 6 - Roles and responsibilities of management. After completing this chapter, students will be able to: Introduce the managerial function of corporate governance; understand the roles, responsibilities, and duties of corporate senior executives, including the CEO and CFO; identify the components of executive compensation and illustrate how each of these components relates to effective corporate governance;. | Man Chapter s and Responsibilities of aaement Corporate Governance and Ethics Zabihoilah Rezaee Chapter Objectives Introduce the managerial function of corporate governance. Understand the roles responsibilities and duties of corporate senior executives including the CEO and CFO. Identify the components of executive compensation and illustrate how each of these components relates to effective corporate governance. Identify the financial reporting requirements of public companies and SOX provisions that pertain to management certifications of financial reports and internal controls. Be aware of financial reporting challenges facing public companies including off balance sheet arrangements aggregate contractual obligations and critical accounting policies and practices. Discuss management s responsibilities for ICFR. Provide an overview of the costs and benefits resulting from Section 404 compliance. Key Terms Chief audit executive JCAE H Chief risk officer CRO I Corporate development Officer CDO H Enterprise risk management ERM H Extensible Business Reporting Language XBRL Financial Accounting Standards Boaro FASH I Institute of Internal Auditors Research Foundation International Accounting Standards Board IASB International Financial Reporting Standards IFRS Joint Committee on Taxation other postemployment benefits OPEB tax .