Corporate Governance is on top of our advisory program and we specialize in Sarbanes Oxley (SOX) implementation.
The increased focus on directors’ and executives’ roles and responsibilities calls for systematic frameworks to implement critical corporate governance principles on ethics, codes of conduct, compensation, financial policies, and financial reporting. The system of rules, practices and processes by which a company is directed and controlled.
Corporate governance essentially involves balancing the interests of the many stakeholders in a company. Corporate governance became a pressing issue following the 2002 introduction of the Sarbanes-Oxley Act in the U.S., which was ushered in to restore public confidence in companies and markets after accounting fraud bankrupted high-profile companies such as Enron and WorldCom. Most companies strive to have a high level of corporate governance. These days, it is not enough for a company to merely be profitable; it also needs to demonstrate good corporate citizenship through environmental awareness, ethical behavior and sound corporate governance practices
CBS International has assist various U.S. Clients in the public/private markets, primarily in corporate governance and risk management areas, including the recent Sarbanes-Oxley ACT, GAAP & PCAOB. Some of our Clients included OnScreen Technologies, Inc. (OTC), Intel Corp. (Nasdaq) BDO Sieldman LLP, Federal Home Loan Bank of San Francisco (FHLB), Genentech Corp (Gene).
Sarbanes-Oxley Advisory and Implementation
Sarbanes-Oxley Act was created to rebuild public trust in the corporate community in the wake of corporate and accounting scandals, the federal legislation that has become known as the Sarbanes-Oxley Act requires publicly traded companies conform to new standards in financial transactions and audit procedures.
CBS International have assisted many Clients in Silicon Valley and US on the following areas:
- Company Ethics
- Code of Conduct
- Software/ Operating System
- Application/ User Profile
- Network Security
- Audit and Certify systems
- Third Party Due Diligence
- Stock Options Grants
- Corporate Policy Compliance
- Corporate Social Responsibility
- Compliance Training
In each of these areas we have the knowledge and tools to support organizations and boards.
SOX And Whistleblowers – Any Fraud Will Do