SARBANES-OXLEY:
“What is it and why should I care?” By
Dave Walker Program
Director Social
Responsibility and Corporate Reporting
The
Sarbanes-Oxley Act of 2002 has been called the most sweeping securities
and corporate legislation passed by Congress since the Securities
Acts of 1933 and 1934. It was quickly signed into law last year
to try to address the corporate failures and frauds which have recently
occurred and cost investors (including anyone that has an insurance
policy or a retirement plan) billions of dollars.
The
law primarily targets publicly-traded corporations, and establishes
strict new corporate governance standards and reporting requirements.
It also created a new Board to oversee the accounting industry,
and set much steeper penalties (fines and jail sentences) for those
corporate officers that violate the law and fail to uphold their
fiduciary responsibilities.
Although
Sarbanes-Oxley directly affects public companies, its impact is
likely to be felt in private companies, not-for-profit entities
and public institutions in the near future. Many of these entities
are adopting several of the new governance standards and reporting
requirements set forth by the law for public companies. In addition,
stakeholders of non-public entities (including employees, customers,
suppliers, supporters, grantors and the community at large) are
increasingly setting higher expectations of non-public entities,
and are demanding many of the Sarbanes-Oxley reforms that public
companies are implementing today.
Ron
Hill, founding dean of the College of Business, said, “The Sarbanes-Oxley
Act set in motion a revolution in corporate governance. It created
new expectations for social responsibility and reporting for entities
of all types. We are seeing keen interest in this area by students
as well as members of the community. I’m very excited about the
new courses and MBA concentrations we will be offering in 2004 that
will address these topics and prepare our students to be effective
and socially responsible managers and leaders.” USFSP
Science Lab Not Receiving Requested Funding A
Message from the President Dear
Faculty & Staff:
The
Board of Governors yesterday approved its 2004 legislative budget
request for capital construction at Florida's universities. Nearly
all projects, which included USF, were for utilities, infrastructure
and capital renewal - the most basic maintenance necessary to keep
universities operating.
Unfortunately,
the Board of Governors did not include any of USF's priority construction
projects on its request. We had asked for funding for two new projects:
the music building and the USF St. Petersburg science building.
We also requested funding for two continuing projects - the USF
Sarasota/Manatee campus expansion and the Health Care and Education
facility - that must be funded before we can get funding for new
projects. It was disappointing that none of our projects was included
on the list.
However,
this does not lessen our resolve. We will fight for funding. Now,
all of us must work together to persuade the governor and the legislature
to increase funding for capital construction, so that our critical
projects are not further delayed. I hope I can count on your support.
If
you have any questions or comments about our legislative requests,
please feel free to contact me or Associate Vice President for Government
Relations Jeff Muir at (813) 974-2660.
Sincerely,
Judy
Genshaft
USF
President Paddle-a-Thon
Logo Contest Underway The
Oasis Program is offering a prize for the most creative and expressive
logo for the upcoming Feb. 28, 2004 Oasis Paddle-a-thon Fundraiser.
The logo for the event would be displayed on T-shirts, fliers, the
Oasis website, and print advertisements. The artistic logo needs
to convey the Oasis Program mission with youth, parents, and the
community, and keeping the environment in mind. Contact Debbie McFarlane
with questions at 553-3135 or email drice@stpt.usf.edu
.
The
Oasis Mission & Vision is: Through
the challenge and adventure of outdoor learning experiences, Oasis
provides the tools for academic success through problem solving,
self motivation, and responsibility to self, community, and the
environment.
Through
respect, love and encouragement from staff and volunteers, Oasis
students and their families establish self-confidence, learn interpersonal
skills and develop respect for themselves and others.
Imagine
if a school day consisted of a coral reef, or paddling down river,
or digging fossils out of a riverbed…Oasis Program does just that.
Eighth graders who demonstrate average to above average potential
have the opportunity to spark their interest and expand their creativity
with hands-on and experiential learning in the USFSP Oasis Alternative
classroom.
Historic
African American Exhibit Scheduled for Campus Library The
Diversity Committee of the St. Petersburg Bar Association has developed
an outstanding exhibit on the history of African American lawyers
in Pinellas County. The exhibit is now on display at the Holocaust
Museum , but its next stop will be USFSP’s
Poynter Library, Oct. 21 through Nov. 30. Ray
Arsenault was a consultant on the project and the Humanities Council
assisted with a grant. For more information, contact committee co-chairs
Jeannine Williams or Tamara Felton Dudley. Jeannine
S. Williams
City of St. Petersburg
P.O. Box 2842
St. Petersburg FL 33731-2842
Voice: 727-893-7011
Fax: 727-892-5262
Tamara Felton Dudley
3110 1st Ave. N., Suite 5-W
St. Petersburg, FL 33701
Voice: 727-322-2777
Fax: 727-322-2778
 Classes
Starting SOON! Tell
a Friend! <CLICK
HERE FOR MORE INFO>

FINAL
FRIDAYS
An
opportunity for faculty and staff to socialize and relax.
Receptions
planned for the last Friday of every month.
The
first reception will be on
Sept.
26
5
p.m.
William’s
House
Sponsored
by Academic Affairs
RSVP
Nalini Soni 3-4885
Social
Work Info Session Coming Soon!
The
College of Arts & Sciences advisors will sponsor an Information
Session for all interested students desiring information about
Social Work, including requirements for the bachelor’s program,
choosing Social Work as an ISS cognate, and any other questions
students might have regarding formal acceptance into the USF Social
Work programs or questions about the field of Social Work itself
on Thursday, Oct. 9, 4-5 p.m. in Davis 103.
If additional info is needed, contact Bea Smith at 727-553-4507
or email bsmith@stpt.usf.edu
Psychological
Science Program
Fall
2003 Inaugural Colloquium
Friday,
Oct. 3, noon, DAV 130
LINK
TO FLYER
Reminder:
Campus
Board Meeting, Oct. 20, 8 a.m. – 1 p.m.
Mark
Your Calendars:
Sept.
30
Oasis Celebration Dinner, 5:30- 8 p.m., CORE
Oct.
1
Annual Benefits Fair, 8 a.m.–5 p.m., CORE
Oct.
2
SPCA Seminar, noon-6 p.m.
Link
To Campus Calendar
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