Our management team and other personnelwill wish to dedicate a substantial period of time to new compliance projects and to assembly case examine solution duties that are associatedwith being a public agency, that may divert interest from different company concerns, which may have a fabric adversarial effecton our company, economic condition and effects of operation. We do not havea majority of impartial administrators on our Board and case study answer Company has not voluntarily carried out numerous company governance measures,in case look at solution absence of which stockholders could have more limited protections towards interested director transactions, conflicts of interestand identical matters. Federallegislation, including case examine solution Sarbanes Oxley Act of 2002, has resulted in case study answer adoption of loads of company governance measures designedto advertise case study answer integrity of case study solution company control and case look at solution securities markets. Some of those measures were followed in responseto legal necessities. Others have been adopted by agencies in line with case study solution requirements of countrywide securities exchanges,equivalent to case study solution NYSE or case examine solution NASDAQ Stock Market, on which their securities are indexed. Among case examine solution corporate governance measures thatare required beneath case examine answer rules of countrywide securities exchanges are people who tackle board of administrators’ independence, auditcommittee oversight, and case study answer adoption of a code of ethics.
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