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Tags: Corporate Governance, Business & Legal, Insurance, Insurance Claims
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Tags: Corporate Governance, SEC, Accounting & Tax, Accountants
The greenhouse gas cap-and-trade program overseen by California’s Air Resources Board (ARB), which began earlier this year, not only allows for use of approved offsets to meet a portion of an entity’s emission reduction requirements. Entities will soon also be able to comply with the program by participating in its counterpart in the Canadian province of Quebec. By January 1, 2014, ARB’s cap-and-trade program will be linked with Quebec’s. A press release from ARB sums up key features of the linkage:
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Tags: Health & Safety, Environmental risks, Environmental, EPA, Greenhouse Gas, ghg
Do you know what's in the chemical products you buy and use, and whether they're "safe?" Effective October 1, 2013, California regulations provide criteria and procedures for state-level identification and listing of likely-hazardous chemicals of concern. Manufacturers and importers will be required to evaluate chemicals of concern in consumer products, their potential alternatives, and how best to limit exposure or reduce hazards. Assemblers and retailers will have related responsibilities. Although these requirements apply directly only within California, any reviews and reformulations are likely to affect global production and distribution decisions.
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Tags: Health & Safety, California Legislation, Environmental, EHS, EPA, Hazcom
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Tags: SEC, Accounting & Tax, Lease Accounting, Audit Standards, Accountants
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Tags: Business & Legal, Environmental risks, Environmental, Greenhouse Gas, ghg, Oil & Gas
Directors and officers owe formal duties to their corporations and shareholders, commonly called “fiduciary duties” from the Latin root words for “trust.” These duties developed over centuries of common law, and now appear in state corporation codes. Most interpretations of these duties and how to meet them actually appear in court decisions, arising in cases where aggrieved shareholders sue claiming that a company’s directors and/or officers have breached one or more of these duties.
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Tags: Corporate Governance, Business & Legal, SEC, SOX
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Tags: Business & Legal, Environmental, Oil & Gas, Canadian
Last week the Federal Motor Carrier Safety Administration (FMCSA) published major changes in the registration requirements it imposes on “motor carriers” that use roads and highways to transport materials—including hazardous materials. Over the next two years, these changes will consolidate four separate registration systems into a new web-based Unified Registration System (URS), designed to cover every domestic entity subject to FMCSA authority. Most elements of the new regulations will take effect on October 23, 2015, to allow FMCSA to develop additional URS features and to conduct several related rulemakings, and to allow regulated entities to prepare for the changes in compliance requirements.
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Tags: Health & Safety, Environmental risks, Environmental, Hazcom, Transportation
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This is the second of a two-part discussion on the August 13, 2013, the Public Company Accounting Oversight Board (PCAOB) proposal that would result in two new auditing standards. In the first article, I discussed the proposed concept of “critical audit matters” or CAMs. In this article, I discuss the proposed requirements to disclose how long the auditor has been auditing the company and to provide some assurance on “other information” that a registrant must file in an annual filing with the Securities and Exchange Commission (SEC). I conclude this article with some summary thoughts.
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Tags: Corporate Governance, Business & Legal, SEC, Accounting & Tax, Audit Standards, Accountants