Effective in 2010, the SEC Adopted New Requirements to Improve

question 69

True/False

Effective in 2010, the SEC adopted new requirements to improve the disclosure shareholders of public companies receive regarding compensation and corporate governance. These new rules require disclosure of any directorships held by each nominee at any time during the past seven years at any public company.

---

Definitions:

Comparative Balance Sheet

A financial statement that presents the financial position of a company at two or more points in time, allowing for comparison and analysis of changes.

Cash Dividend

A payment made by a company out of its profits to its shareholders in the form of cash.

Investing Activities

Activities that involve the acquisition and disposal of long-term assets and other investments not included in cash equivalents.

Cash Dividends

A portion of a company's earnings that is paid out to shareholders, typically in the form of cash.