Public Company Insights – April/May 2010 (PDF)
Peterson Sullivan’s quotes of interest from this season’s public company newsletter:
- “As a general rule, a shareholder that pays a corporation’s expenses isn’t entitled to a deduction . . .”
- “By failing to prevent a creeping takeover the board had breached its duty of loyalty . . .”
- “The business judgement rule creates a presumption that directors act on an informed basis, in good faith and in honest belief that the action taken was in the best interest of the company . . .”
- “Under the Sarbanes-Oxley Act of 2002, the SEC is required to perform some level of review of each reporting company at least once every three years . . .”
- “In December 2009, the SEC issued final proxy disclosure amendments. These include significant changes from the proposed rules that the SEC issued in July 2009 . . .”
As a PCAOB-registered CPA firm, Peterson Sullivan LLP offers accounting, audit, and tax services to public companies. The following individuals lead our SEC practice group: David Lee, Sharlyn Turner, Al Dunnell, Matt Matson, Bob Bowman, Nathan Hartman, and Mark Raker.
Please visit our company directory for links to their profiles.
