Greetings, I have an example I need help on. On an audit committee we have a member that is a banker with a portfolio with about $10 million dollars of personal loans to a company's employees. Not to the company but to employees. In particular three of concern who are the CFO, CEO and the controller. I can find the definition of independence in SOX. I think this would disqualify the Member. A fellow student told me that there is an exclusion for non company personal loans to employees for auto loans or mortgages. if so I need help location the rule and standard? thank you in advance.