By Burton Rothberg, Steven Lilien
The SEC issued ideas that might have an effect on company governance within the US. the 1st calls for all funding businesses to incorporate of their registration statements a disclosure of the approaches and rules they'll use in balloting on company proxies. the second one calls for funding businesses to post all in their genuine proxy votes. This document describes the various coverage and process disclosures required by way of the foundations and discusses the results for company governance and shareholder participation in company decision-making.
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34 Financial Executives Research Foundation, Inc. A number of years may elapse before a particular matter, for which we have established a reserve, is audited and finally resolved. The number of years with open tax audits varies depending on the tax jurisdiction. In the United States, the audits for 1991 through 1993 remain open for certain items and the Internal Revenue Service is currently examining our tax returns for 1994 through 1997. While it is often difficult to predict the final outcome or the timing of resolution of any particular tax matter, we believe that our reserves reflect the probable outcome of known tax contingencies.
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