AAI to Hold Seminar on Corporate Governance

The Alliance of American Insurers will hold a seminar on Thursday Nov. 14, on the “Challenge of Corporate Governance,” co-sponsored by KPMG.

The conference is scheduled to take place at the Hilton O’Hare Hotel at Chicago’s O’Hare International Airport from 10 a.m. to 3 p.m., and will examine the changing requirements for and responsibilities of Corporate Governance “in light of the recently enacted Sarbanes-Oxley Act of 2002, new criminal laws, recent accounting, issues, stock market issues and new disclosure requirements.”

The announcement stated that, “while many of these issues currently apply only to publicly traded companies, all companies and their executives need to be aware of the new expectations for and requirements of those involved in corporate governance, as regulators, consumers, and the press may well make no distinction between stock and mutual management and operations.”

The Seminar “will be beneficial to CEOs, CFOs, General Counsel, Chief Legal Officers, Board members, Audit Committee members and any other corporate officers required to sign financial statements or reports,” said the AII bulletin.

It will include the following topics:
– An overview of the Sarbanes-Oxley Act of 2002
– Financial reporting and disclosure requirements
– Role and independence of audit committees
– Auditor independence issues
– Ethical dilemmas under the new rules
– Criminal laws relating to corporate governance
– New responsibilities for corporate attorneys
– Liability exposures for those involved in corporate governance

For further information, contact Charles Schmidt at 630.724.2158; or by e-mail at: cschmidt@allianceai.org.