Corporate Boards Exceeding Oversight Requirements On Environmental And Social Issues

Board oversight has long been viewed as an effective mechanism to direct and monitor corporate management. For example, in the wake of accounting scandals last decade, the Sarbanes- Oxley Act of 2002 requires all publicly traded companies in the United States to have an audit committee comprised of independent directors, charged with establishing complaints regarding accounting or auditing matters and for the confidential submission by employees procedures for handling.