What The SEC's SolarWinds Charges Mean For CFOs And Their Peers -- 8 Steps To Forge A Chain Of Accountability

Contributing sentiments towards policy:

58% : Executives who own activities, decisions and information having significant public reporting implications should be empowered with a clear mandate, have the authority to initiate positive change and be adequately resourced.
52% : They should emphasize that, under federal securities laws, responsibility for the adequacy of public disclosures ultimately falls to everyone possessing and contributing information either required by statute or regulation or deemed material to investors.
49% : In taking the lead to reinforce the importance among all executive leaders to provide reasonable assurance of accurate information they furnish for public disclosures, CFOs can take the following actions:Besides focusing on protocols relating to financial and non-financial reporting compliance, CFOs should prioritize building a robust risk governance culture that supports adherence to applicable laws, regulations and internal policies.

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