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Jaeckle Fleischmann's New Corporate Governance Resource Center Gives Directors Online Updates on Rules, Impacts

Submitted by: Jaeckle Fleischmann & Mugel, LLP

Categories: Corporate Governance

Posted: Mar 10, 2003 – 11:00 PM EST

 

Law Firm Website Provides Directors a One-Stop Shop for Information and Guidance on Rule Changes and Legal Requirements Regarding Their Duties and Responsibilities

Mar. 10 /CSRwire/ - BUFFALO, NY - Jaeckle Fleischmann & Mugel, LLP, a corporate services law firm, announced the launch of its online Corporate Governance Resource Center, a new information portal on their website designed to provide public company directors and officers a one-stop shop for information on new rules and evolving regulations that dramatically impact a corporation's board of directors.

Found at Jaeckle Fleischmann's website, www.jaeckle.com, the new Corporate Governance Resource Center is available to all interested directors and officers, without restrictions, following a simple sign-on procedure.

According to James J. Tanous, Partner, the corporate governance landscape has changed dramatically as a result of the passage of the Sarbanes-Oxley Act of 2002, and the resulting regulations and requirements from the SEC, the New York Stock Exchange and the NASDAQ. Additional regulations and interpretations from these bodies are expected to be issued throughout the year. "Directors are faced with an ongoing challenge of understanding and complying with the continuous stream of more demanding governance standards and increased disclosure requirements," said Tanous. "We developed the Corporate Governance Resource Center so that directors and officers of publicly traded companies could have a convenient place to go to keep up with these changes, understand their legal implications and learn the best practices that are evolving throughout Corporate America."

In addition to overviews of the new governance rules and providing links to other informational resources, the Corporate Governance Resource Center also includes:

- Effective dates of the various provisions and regulations and compliance requirements in the Resource Center's section labeled "Playing by the Rules."

- Comprehensive look at the legal liability of directors, particularly the audit committee.

- Discussion of the criminal penalties that have been increased.

- Outline of increased shareholder communications requirements.

Experts predict that many of the approximately 45,000 directors of public companies are expected to turn over in the next 12 months. Tanous went on to say, "As new directors are elected to serve on the boards of these companies, they will need to be briefed on their complex responsibilities and effectively educated regarding their new role. In addition to serving current board members, our website will be an excellent source of information for these new directors as they assume their governance roles."

Earlier this year, Jaeckle Fleischmann formed a Corporate Governance group to assist directors in addressing the complex compliance challenges they face and provide advice and counsel on overall board duties, process and structure, as well as disclosure and communications responsibilities. The new Jaeckle group brings together into one practice the firm's business strategy, investor communications and legal expertise to provide timely, independent, high-level advice and legal services to boards and their committees.

Jaeckle Fleischmann is a corporate law firm with offices in Buffalo, Amherst and Rochester, New York, with over 60 attorneys serving business clients in need of Corporate, Securities and Board Governance advice as well as providing the business sector with a full range of related legal services. More information on the firm can be found at www.jaeckle.com.

Jaeckle Fleischmann's affiliate, Kei Advisors LLC, provides investor relations and communications advice and counsel. Kei's proprietary process provides public companies and their boards with disciplined and efficient approaches to managing and understanding their communications and relationships with the capital markets enabling better recognition by the markets of the company's intrinsic value. Kei is not a law firm, and, therefore, does not render legal services or advice. More information concerning Kei is available at www.keiadvisors.com.

For more information, please contact:

Patricia Soule Coate Broderick Associates
Phone: +1-415-309-2231

 

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