Fei national: about FEI's technical committees.The following is a listing of key information, contacts and goals for FEI's technical committees. The committees have been generally filled by members who serve open-ended terms--while the chair positions are usually limited to two or three years. Much of the information from the alphabetical listing below is taken from the Web site, and has been edited for space. For the full text, go to www.fei.org/committees/. Committee on Benefits Finance (CBF CBF Chesapeake Bay Foundation CBF Cerebral Blood Flow CBF Cooperative Baptist Fellowship CBF Confederação Brasileira de Futebol CBF Core Binding Factor CBF Chicagoland Bicycle Federation CBF Coronary Blood Flow CBF cubic feet ) Chair: David L. Beik, Director, Benefits Finance, Verizon Communications
Verizon Communications, Inc. Inc. FEI Liaison: Robert Lewis For the actor named Robert Lewis still living as of 2007, see Robert Lewis (living)[1] Robert Lewis (16 March, 1909 – 23 November, 1997) was an American actor, director, drama teacher, author and founder of the influential Actors Studio in New York in 1947. CBF was established in 1966 to study and formulate opinions on existing and proposed legislation affecting employee benefits (including pension, health and other forms of employee benefits that affect the design, financing or administration of any form of employee benefit). Mission: To educate members on issues involving benefits finance, retirement security and related legislative and regulatory matters; develop policy positions on selective legislative/regulatory issues and influencing outcomes on these issues with particular focus on retirement plans, including pension, savings and health care plans; and provide an effective forum for member networking. Current Hot Issues: Pension Protection Act, Social Security, Medicare implementation. Meetings: CBF meets quarterly in Washington, D.C., with Congressional and White House staff, as well as government agencies, to discuss legislation and offer the business community prospective. Committee Membership: The committee is composed of directors of benefits. Committee on Corporate Finance (CCF CCF abbr. Cooperative Commonwealth Federation of Canada ) Chair: Dennis Ling, Senior Vice President, Finance and Treasurer, Avon Products Avon Products, Inc. NYSE: AVP is a US cosmetics, perfume and toy seller with markets in over 135 countries across the world and sales of $8.1 billion worldwide as of 2005. Inc., FEI Staff Liaison: Mark Prysock Established in 1980, CCF is authorized to formulate statements and positions on capital markets and the capital structure and financial resources of corporations, including policies, practices, rules, regulations, principles and standards. CCF addresses issues related to debt and investment management, risk management, mergers and acquisitions, economic and financial analysis, financial communications, annual meetings and annual reports and stockholder and investor relations Investor relations The process by which the corporation communicates with its investors. . The committee maintains liaison with the stock and futures exchanges, the SEC, Congress and other appropriate agencies of the federal government. Mission: To provide a forum for peer interaction and discussion of issues on corporate finance such as capital structure, dividend policy, credit ratings, accessing capital markets and others; communicate its findings and recommendations to FEI members and others; deliver relevant educational experience for the treasury component of FEI. Current Hot Issues: Rating agency reform Meetings: CCF meets on an as-needed basis via conference call. The committee has met with the Corporate Finance division of the SEC, and meets with Congressional policymakers, as appropriate. Membership: The committee comprises treasurers from large and medium-sized corporations. Committee on Corporate Reporting (CCR 1. CCR - condition code register. 2. CCR - (Database) concurrency control and recovery. ) Chair: Lawrence J. Salva, Senior Vice President, CAO and Controller, Comcast Corp. FEI Liaison: Christine DiFabio Established in 1966, CCR has become one of the most influential corporate voices affecting accounting and reporting policy among regulators and legislators. Mission: To formulate statements and positions on matters pertaining to financial accounting, auditing and corporate reporting, including corporate policies, practices, rules, regulations, principles and standards. CCR reviews and responds to research studies, statements, pronouncements, pending legislation, proposals and other documents issued by domestic and international agencies and organizations. Current Hot Issues: Working through implementation issues surrounding Sarbanes-Oxley Section 404 and related rules and standards with the PCAOB PCAOB Public Company Accounting Oversight Board and SEC; providing analysis and feedback to improve the implementation of the rules; working through implementation issues surrounding FAS123(R) with the FASB FASB See: Financial Accounting Standards Board FASB See Financial Accounting Standards Board (FASB). ; monitor and respond to FASB projects on Business Combinations, Conceptual Framework, Income Taxes and others; have active members as representatives on FASB/IASB Financial Performance Reporting Task Force, FASB Emerging Issues Task Force (EITF EITF Emerging Issues Task Force EITF Edinburgh International Television Festival EITF Europe International Taekwon-Do Federation ) and PCAOB Standing Advisory Group (SAG). Meetings: CCR meets in private, four times per year, and has three active subcommittees that meet separately. These subcommittees are liaisons to the FASB, IASB IASB See International Accounting Standards Board (IASB). and SEC and PCAOB. Each CCR member must serve on one of the sub-committees. The full committee also meets annually with the FASB. Committee Membership: The committee is composed primarily of controllers of large publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. . Committee on Finance and Information Technology (CFIT) Chair: Taylor Hawes, Controller--Global Platforms & Operations, Microsoft Corp. FEI Liaison: Robert Lewis CFIT was formed to address the needs and interests of financial executives in the area of e-business technology and information management. CFIT monitors information, trends and developments from the perspective of the financial executive as: a member of management interested in the use of information for performance analysis and decision support and for e-business; the provider and auditor for controls, security and reliability of information; and the administrator responsible for providing, processing and disseminating information. The general function of CFIT encompasses research, surveys, the annual FEI Technology Forum and the dissemination of knowledge. Mission: To represent the views, attitudes and opinions of FEI members; maintain high standards of professional integrity and technical competence technical competence, n the ability of the practitioner, during the treatment phase of dental care and with respect to those procedures combining psychomotor and cognitive skills, consistently to provide services at a professionally acceptable level. ; and inform and stimulate the membership interests in the use and management of technology in finance and business functions. Current Hot Issues: XBRL (EXtensible Business Reporting Language) A specification for publishing financial information in the XML format. It is designed to provide a standard set of XML tags for exchanging accounting information and financial statements between companies and analysts. , CFO/CIO alignment, cyber security, privacy issues. Meetings: CFIT meets quarterly around the country, with guest speakers with a technology slant. Meetings are half-day updates on committee business and half-day visits to a local technology company to discuss best practices. Committee Membership: The committee consists of CFOs of technology companies. Committee on Globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation (COG) Chair: David Morris, Senior Vice President, JP Morgan Chase FEI Liaison: Grace Hinchman GOC GOC Government Of Canada GOC General Optical Council (United Kingdom) GOC General Officer Commanding GOC Greek Orthodox Church GOC Gay Outdoor Club (Scotland) GOC Government of Colombia was launched to create a global forum of financial executives, initially from both sides of the Atlantic, willing to share best business practices, to engage in a business network, to follow a common code of ethics Code of Ethics can refer to:
Mission: To develop a strategy for international growth; identify products and services to support globalization of FEI; and to determine governance and organizational structure for a globalized FEI. Current Hot Issues: International audit standards and issues related to the global convergence of financial accounting standards. Meetings: GOC meetings are held at the request of the committee chairperson. Membership: The committee comprises about 20 members from companies with global business interests. Committee on Government Business (CGB CGB Certified Graduate Builder (professional builder designation) CGB Consumer and Governmental Affairs Bureau CGB Commonwealth Geographical Bureau (UK) CGB Game Boy Color ) Chair: William P. Romenius, Director, Financial Policy, The Boeing Co. FEI Liaison: Robert Lewis CGB was established in June 1963 to focus on federal legislation and regulation that affect government contractors. In particular, it has focused on government activity that impacts financial practice standards, accounting principles, record keeping and reporting and financial rules followed by private business enterprises. Mission: To maintain liaison with private sector and governmental agencies; to provide information about government contracting issues; to ensure that industry views are considered when the government addresses contracting issues; to provide a forum for peer interaction and discussion of issues; to be a leading advocate of industry views; and to meet the professional needs and enhance the skills of financial executives. Current Hot Issues: Government procurement, Department of Defense authorization legislation. Meetings: CGB meets quarterly in the Washington, D.C., area with speakers from the Department of Defense, Capitol Hill or other government contracting regulatory agencies. Membership: The committee is composed of directors and VPs of government acquisition. Committee on Private Companies (CPC (1) (Central Processing Complex) An IBM mainframe that has two or more central processors (CPs) that share memory. It is the collection of processors, memory and I/O subsystems manufactured with a single serial number, typically all contained in one cabinet. ) Chair: A. Merrill Ayers, Senior Vice President and CFO See Chief Financial Officer. , Lettieri's, Inc. FEI Liaison: Serena Davila CPC was established in June 1997 to address the professional needs of financial executives employed in private and closely held companies Closely held company A company who has a small group of controlling shareholders. In contrast, a widely-held firm has many shareholders. It is difficult or impossible to wage a proxy battle for any closely-held firm. and to provide a voice for their interests within FEI. CPC is also authorized to formulate FEI position statements on matters affecting private and closely held companies and to communicate those positions to appropriate sources, internally and externally. Mission: To promote and provide oversight to the development of programs and services; to sponsor a track at FEI's annual Summit and oversee the development and delivery of sessions in the track; and to monitor and respond to government activities, media inquiries and other developments on FEI's behalf. Current Hot Issues: GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). hierarchy; estate tax; Sarbanes-Oxley impact on private companies; impact of Subchapter S Subchapter S IRS regulation that gives a corporation with 35 or fewer shareholders the option of being taxed as a partnership to escape corporate income taxes. tax regulations on growing businesses that are closely held A phrase used to describe the ownership, management, and operation of a corporation by a small group of people. In a closely held corporation, the same people often act as shareholders, directors, and officers, and no outside investors exist. or private; private/public GAAP. Meetings: CPC holds two forums per year (open to all attendees), which include subcommittees meetings. The next scheduled forum is in October in Chicago. Committee Membership: The committee consists of about 60 members, mostly CFOs and CEOs, from a variety of companies and industries. Committee on Taxation (COT) Chair: Michael Reilly, Vice President, Taxation, Johnson & Johnson Co. Inc. FEI Staff Liaison: Mark Prysock Established in 1962, COT is authorized to formulate FEI statements and positions on matters pertaining to tax legislation, policies, practices, rules and regulations. COT addresses: economic and social implications of taxes, domestic and international; tax simplifications and administration, and tax and accounting relationships. The committee communicates its positions to both the executive and legislative branches of the federal government. The committee has two subcommittees: International Tax and Federal Tax. Mission: To identify, evaluate and communicate legislative and regulatory issues of interest to senior finance executives; to represent the views and opinions of FEI members on issues pertaining to tax policy; to provide a forum for peer interaction and discussion of tax issues; and to facilitate FEI members' understanding of tax laws, regulation and administration and their dealing with tax authorities. Current Hot Issues: Tax reform; manufacturing income deduction; protection of confidential tax opinions; electronic filing. Meetings: COT meets quarterly, usually with representatives from the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. and the Internal Revenue Service (IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. ). COT also meets with professional staff members from the House Ways & Means Committee and the Senate Finance Committee. Membership: The committee is composed of tax directors from large multinational companies. |
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