Financial Disclosure and Auditor Oversight Roundtables
Access archives of the April and March webcasts
Transcripts
April 4, Chicago
SEC Midwest Regional Office
9th floor, 175 W. Jackson Blvd
Chicago, Illinois
Panel 1: Improving Financial Disclosure
(10:00 a.m. - noon, Central Time)
Moderated by John Rogers, Chairman and CEO, Ariel Capital Management
- Goals of disclosure: What information do users need to know about a public company in order to make informed decisions?
- Comprehension: How could financial disclosures be made more intelligible?
- Inadequacies: What information currently is being inadequately conveyed?
- Timeliness: What kind of information needs to be communicated more quickly than is currently required, and how can we accomplish that?
Panelists
James Dimon, Chairman and CEO, Bank One
Robert Litan, Economic Studies Director, Brookings Institution
John Markese, President, American Association of Individual Investors
John Rekenthaler, Research Director, Morningstar
Maryann Waryjas, Katten Muchin Zavis
John Zielinski, Senior V.P., Northern Trust
Panel Two: Assuring Adequate Oversight of Auditing
(1:30 - 3:30 p.m., Central Time)
Moderated by J. Carter Beese Jr., President, Riggs Capital Partners
- Organization: What organization is best — e.g., governmental body, private organization, etc?
- Membership: Who should be the members such an organization? How should they be selected?
- Funding: How should this oversight be funded?
- Independence: How can we assure independent decision-making for the oversight body?
Panelists
Ken Bertsch, Director, Corporate Governance, TIAA-CREF
David Costello, President and CEO, National Association of State Boards of Accountancy
Professor Dan Fischel, University of Chicago Law School
Barbara H. Franklin, President and CEO, Barbara Franklin Enterprises
Edward Nusbaum, CEO, Grant Thornton
March 6, Washington, D.C.
William O. Douglas Room (Room 1C-30)
SEC Headquarters
450 Fifth Street, N.W.
Washington, D.C.
Panel 1: Improving Financial Statement Disclosure,
10 a.m. - 12 noon
Moderated by James Cheek, Partner, Bass, Berry & Sims
- Goals of disclosure: What information do users need to know about a public company in order to make informed decisions?
- Comprehension: How could financial disclosures be made more intelligible?
- Inadequacies: What information currently is being inadequately conveyed?
- Timeliness: What kind of information needs to be communicated more quickly than is currently required, and how can we accomplish that?
Panelists
Richard Carbone, Chief Financial Officer, Prudential Financial
Raymond Groves, President and COO, Marsh Inc.
Phil Livingston, President and CEO, Financial Executives International
Louis M. Thompson, President and CEO, National Investor Relations Institute
Panel 2: Assuring Adequate Oversight of Auditing ,
2 p.m. - 4 p.m.
Moderated by Judge Stanley Sporkin (Ret.), Partner, Weil, Gotshal & Manges
- Organization: What organization is best — e.g., governmental body, private organization, etc?
- Membership: Who should be the members such an organization? How should they be selected?
- Funding: How should this oversight be funded?
- Independence: How can we assure independent decision-making for the oversight body?
Panelists
Robert Glauber, Chairman and CEO, National Association of Securities Dealers
Neil Lerner, Head of Risk Management, KPMG
Professor Jonathan Macey, Cornell Law School
Ted White, Corporate Governance Director, CalPERS
March 4, New York City
Inter-Continental, The Barclay New York
111 East 48th Street, Astor Room
New York, N.Y.
Panel 1: Improving Financial Statement Disclosure,
10 a.m. - 12 noon
Moderated by Marty Lipton, Esq., Wachtell, Lipton, Rosen & Katz
- Goals of disclosure: What information do users need to know about a public company in order to make informed decisions?
- Comprehension: How could financial disclosures be made more intelligible?
- Inadequacies: What information currently is being inadequately conveyed?
- Timeliness: What kind of information needs to be communicated more quickly than is currently required, and how can we accomplish that?
Panelists
Warren Buffett, Chairman, Berkshire Hathaway
Dwight Churchill, S.V.P, Head of Fixed Income, Fidelity Investments
Stephen Friedman, Senior Principal, MMC Capital
Dick Grasso, Chairman and CEO, New York Stock Exchange
Dean Joel H. Seligman, Washington University School of Law
John White, Cravath, Swaine & Moore
Panel 2: Assuring Adequate Oversight of Auditing Function,
2 p.m. - 4 p.m.
Moderated by Robert Mundheim, Shearman & Sterling
- Organization: What organization is best — e.g., governmental body, private organization, etc?
- Membership: Who should be the members such an organization? How should they be selected?
- Funding: How should this oversight be funded?
- Independence: How can we assure independent decision-making for the oversight body?
Panelists
William Allen, New York University School of Law
Warren Buffett, Chairman, Berkshire Hathaway
James Copeland, Chief Executive Officer, Deloitte & Touche
David Shedlarz, Chief Financial Officer, Pfizer
Melvyn Weiss, Milberg, Weiss, Bershad, Hynes & Lerach
http://www.sec.gov/news/extra/marchroundcast.htm
