Question
Corporate Governance topic discussion: Please compare and contrast the corporate governance structure at SafeNet for these two periods (Pre-Sox 2 and Post-SOX). Do you believe
Corporate Governance topic discussion: Please compare and contrast the corporate governance structure at SafeNet for these two periods (Pre-Sox 2 and Post-SOX). Do you believe the post-SOX changes in corporate governance served the purpose of "preventing management fraud" in terms of Audit Committee, Compensation Committee, and Board of Directors? Please justify your response. The face of corporate governance changed as a result of the Sarbanes-Oxley Act of 2002 legislation. An evaluation of SafeNet's proxy statement before and after SOX provides a glimpse into some of these changes. Obtain SafeNet's definitive proxy statements (filing type DEF 14A) for the meetings held on July 22, 2002 (pre-SOX) and July 28, 2006 (post-SOX) from the SEC EDGAR database (http://www.sec.gov/edgar/searchedgar/ webusers.htm). (Hint: filing dates will be earlier than the meeting dates.) Compare and contrast the corporate governance structure at SafeNet for these two periods. (Hint: begin with the 2006 meeting; search the proxy statement for ''Corporate Governance.'') Your discussion should include, but not limit to, the similarities and differences between the two periods. Include in your discussion the purpose of the committees, the number of members, number of meetings, payment for attendance at meetings, and anything else you find to compare and contrast. Create a chart/table may be useful to assimilate information for each of the Board of Directors, the Audit Committee, and the Compensation Committee. 2002 Meeting 2006 Meeting (Fiscal Year 2001) (Fiscal Year 2005) Number of members Number of independent directors Number of meetings Pay for meetings
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