A disclosure committee is a group tasked with reviewing all proposed disclosures prior to their release,This committee is needed by a publicly-held business. A group tasked with reviewing all proposed disclosures prior to their release.
DISCLOSURE COMMITTEE. 1. Purpose of the Committee. The UKLA’s Listing Rules and Disclosure and Transparency Rules require the Company to disclose in a prescribed manner, as soon as possible, any inside information directly concerning the Company, unless an exemption from disclosure is available. The need for a disclosure committee is not an especially large concern in a smaller business, where there is so much informal communication that disclosure issues are easily located and reported. If there is no disclosure committee in place, there is an increased likelihood that incorrect information will be released, or that information will be disclosed that does not follow SEC reporting guidelines. In order to perform this function, a Corporate Information Disclosure Committee has been established directly under the president and CEO. The role of the committee is to manage and coordinate the unified disclosure of corporate information in accordance with information disclosure controls and procedures. The executive officer in charge of accounting and finance serves as the chairperson of this committee. Activities of the Corporate Information Disclosure Committee. The Corporate Information Disclosure Committee performs the following activities in order to properly gather Konica Minolta Group information with speed and accuracy. While rare, some companies prefer that the disclosure committee function as a subcommittee of the board and audit committee; however, disclosure committees are typically composed of management members and are considered a management committee. What’s the Purpose of Disclosure Committees? The purpose of disclosure committees is to assist the CEO, CFO and the audit committee in preparing the disclosures required under the SEC rules (Exchange Act Rule 13a-15(d)) and to help ensure that a company’s disclosure controls and procedures are properly implemented. Members of the committee are usually drawn from those areas of a business that typically generate disclosures, and also includes specialists with knowledge about the allowable form and content of disclosures. If there is no disclosure committee in place, there is an increased likelihood that incorrect information will be released, or that information will be disclosed that does not follow SEC reporting guidelines. DISCLOSURE COMMITTEE CHARTER of the Disclosure Committee of MELLANOX TECHNOLOGIES, LTD. This Disclosure Committee Charter (the “ Charter ”) has been adopted by the Disclosure Committee (the “ Committee ”) of Mellanox Technologies, Ltd. (the “ Company ”) and approved by the Company’s Board of Directors. Disclosure committees are typically governed by a committee charter. Charter content ranges from simply establishing a disclosure committee and stating its purpose, to a detailed outline of the committee’s composition, responsibilities, meeting frequency and authority. A sample disclosure committee charter is provided in the SEC archives under Exhibit 99.3. What’s the Purpose of Disclosure Committees? The purpose of disclosure committees is to assist the CEO, CFO and the audit committee in preparing the disclosures required under the SEC rules (Exchange Act Rule 13a-15(d)) and to help ensure that a company’s disclosure controls and procedures are properly implemented. A disclosure committee is a group tasked with reviewing all proposed disclosures prior to their release. This committee is needed by a publicly-held business. If there is no disclosure committee in place, there is an increased likelihood that incorrect information will be released, or that information will be disclosed that does not follow SEC reporting guidelines.
http://www.esuregroup.com/~/media/Files/E/Esure/documents/esure-group-disclosure-committee-terms-of-reference.pdf http://www.accountingtools.com/disclosure-committee http://www.konicaminolta.com/about/csr/csr/governance/disclosure_commitee.html http://deloitte.wsj.com/cfo/2014/01/03/disclosure-committees-frequently-asked-questions/ http://www.accountingtools.com/disclosure-committee http://www.mellanox.com/pdf/company/Mellanox_Disclosure_Committee_Charter.pdf http://deloitte.wsj.com/cfo/2014/01/03/disclosure-committees-frequently-asked-questions/ http://www.accountingtools.com/disclosure-committee
what is a disclosure committee