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What Are the Key Points of the Section 404 of the Sarbanes-Oxley

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What are the key points of the section 404 of the Sarbanes-Oxley Act?


Definitions:

Dividends

Payments made by a corporation to its shareholder members, distributing a portion of the company’s earnings.

Liquidation

The process of winding up a company's financial affairs by selling off its assets to pay off debts.

Election

The process through which individuals select their leaders or decide on matters of public policy through voting in a democratic society.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities.

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