Janica Francis, Gordon Johnson, Ian Robinson, Kengia Sabree
October 31, 2011
Techno Products Incorporated
Every company should have a board of directors who is entrusted with the responsibility of making critical and ethical policy decisions on behalf of the organization that are compliant with state and federal laws and regulations. A board of is a made up of a mixture of inside and outside members who represent areas like executive, audit, finance, strategy and law that are critical to the organization success.
According to the California Code Corporations Code Section 200-213, a new corporation should file an article of incorporation with the business entities division of the California secretary of state's office. California Code Corporations Code Section 200-213.
How to comply with NYSE, SEC regulations, and SOX regulations You can go public in one of two ways. The first is by issuing securities in an offering registered under the Securities Act. The second is by registering your company's outstanding securities under Exchange Act requirements. Either way will require continuous reporting obligations for the board of directors. Corporative corruption has lead to stricter regulations concerning the structure, practices, and sizes of boards of directors. The Sarbanes-Oxley Act of 2002, the SEC, and NYSE have created more rules and guidelines in an attempt to restore investor confidence in that monitoring body, the corporate board of directors. The Sarbanes-Oxley Act of 2002 applies to all publicly-traded companies in the United States. SOX’s main concern is the implementation and monitoring of internal controls of the company (Cheeseman, 2010). The Act requires that the CEO and CFO sign annual and quarterly financial statements attesting to their accuracy. The Sarbanes-Oxley Act 2002. The Securities Exchange Act of 1934 requires...