Standing Advisory Group
2009 Members and Biographies
Douglas J. Anderson
Corporate Auditor, The Dow Chemical Company
Midland, Michigan
In his current position, Mr. Anderson is the chief internal audit executive of the company and is responsible for all global audit work, fraud investigations, and contract compliance audits. Previously, Mr. Anderson was the finance director for one of the company's global business units. Prior to joining the Dow Chemical Company, Mr. Anderson worked as an auditor at a Big Four firm for 10 years. His professional activities include currently serving as a Vice Chair of the Professional Issue Committee of the Institute of Internal Auditors and as a member of the COSO Monitoring Project Task Force.
Term: 2009-2010
David M. Becker
Partner, Cleary Gottlieb Steen & Hamilton LLP
Washington, DC
Mr. Becker has been engaged in law practice for more than 30 years in which he has been involved with auditing and accounting issues. His experience covers a full range of issues arising out of capital markets' activities. More specifically, Mr. Becker's professional work focuses on Securities and Exchange Commission and other investigations, on corporate governance issues, and on a broad range of SEC regulatory matters. Prior to joining Cleary, Gottlieb Steen & Hamilton LLP, Mr. Becker was General Counsel of the SEC for more than two years in which he advised the SEC on its enforcement, rule-making, and regulatory actions. Mr. Becker currently is a member of the American Bar Association and the American Law Institute.
Term: 2009-2010
Joseph V. Carcello
Director of Research, Corporate Governance Center, and Ernst & Young Professor, University of Tennessee
Knoxville, Tennessee
Mr. Carcello, who co-founded the Corporate Governance Center, has performed extensive research on corporate governance issues, primarily related to audit committees, and has consulted with and provided training services to corporate audit committees. Mr. Carcello has also served as an expert in evaluating corporate governance reforms resulting from judicial proceedings for multiple public companies. Mr. Carcello co-authored the COSO-sponsored study on fraudulent financial reporting between 1987 and 1997 in the United States and also was part of the team retained by COSO to study fraud from 1998 through 2007. Mr. Carcello has testified before the U.S. Treasury Department's Advisory Committee on the Auditing Profession, and was recently recognized by Beta Alpha Psi as Business Professional of the Year.
Term: 2008-2009
Vincent P. Colman
Assurance Partner and U.S. National Office Professional Practice Leader, PricewaterhouseCoopers LLP
Florham Park, New Jersey
Mr. Colman is a practicing CPA with more than 25 years of public accounting experience. In his current role, Mr. Colman has overall responsibility for formulating the firm's positions on technical accounting, auditing, and SEC reporting matters; developing the firm's audit policies and methodology; and providing technical accounting and auditing guidance to the firm’s audit professionals. Mr. Colman's previous experience includes serving as the engagement partner on audits of major U.S. corporations as well as mid-sized public and private companies.
Term: 2008-2009
James D. Cox
Brainerd Currie Professor of Law, School of Law, Duke University
Durham, North Carolina
Professor Cox currently conducts research and teaches in the fields of securities regulation and corporate law. Before joining Duke University in 1979, Professor Cox taught at the University of California, Hastings College of Law; Stanford Law School; and the University of San Francisco, School of Law. Professor Cox is the author of numerous articles and books that address a wide range of corporate, securities, and accounting topics and has provided testimony at several hearings, including the recent hearings related to the U.S. Department of the Treasury's Advisory Committee on the Auditing Profession. He is an active participant on various academic boards and associations and lectures extensively internationally on capital market developments. Previously, he was a member of the NYSE Legal Advisory Committee and the NASD Legal Advisory Board.
Term: 2009-2010
Elizabeth A. Fender
Corporate Governance Adviser, Governance for Owners
Charlotte, North Carolina
Ms. Fender's current responsibilities include addressing investor governance issues and focusing on accounting and auditing issues at investee companies. Her work includes making proxy voting recommendations and performing corporate governance engagement services for Governance for Owners, UK. Previously, Ms. Fender served as a project manager at the FASB, from 1988-1997; as the Director of Accounting Standards at the AICPA, from 1997-2001; and as the Director of Corporate Governance at TIAA-CREF, from 2001-2003. Ms. Fender is a member of the AICPA, the Connecticut Society of CPAs, and the International Corporate Governance Network.
Term: 2008-2009
Sharon S. Fierstein
Partner, Litigation and Corporate Financial Advisory Services, Marks Paneth & Shron, LLP
New York, New York
Sharon Sabba Fierstein has more than 25 years of experience in public accounting, private industry, and securities litigation. In her current position, Ms. Fierstein consults with public and private companies, both in the U.S. and abroad, on accounting and auditing issues. She also serves as an expert in various litigation matters. Previously, Ms. Fierstein held positions as a Chief Financial Officer for two funding companies and was an auditor at a Big Four firm, where she served as Secretary to the International Auditing Practices Committee for the International Federation of Accountants. Ms. Fierstein is an active member of various professional organizations, including the American Institute of CPAs, the American Women's Society of CPAs, and the New York State Society of CPAs, where she currently serves as President, as a member of the Board of Directors, and of the Executive Committee.
Term: 2009-2010
Randy G. Fletchall
Americas Vice Chair of Professional Practice and Risk Management, Member of Americas Executive Board, Ernst & Young
New York, New York
Mr. Fletchall has more than 30 years of experience as a CPA. His current responsibilities include national office accounting, auditing, SEC reporting, quality control, and risk management functions. Mr. Fletchall serves on the Center for Audit Quality's Executive Committee and its Professional Practice Executive Committee. In addition, Mr. Fletchall served as the Chairman of the Board of Directors of the American Institute of CPAs for its 2007-2008 year.
Term: 2008-2009
Margaret M. Foran
Executive Vice President, General Counsel, and Corporate Secretary, Sara Lee Corporation
Downers Grove, Illinois
In her current position, Ms. Foran is responsible for legal matters, global business practices, risk management, internal audit, and sustainability issues. Prior to joining Sara Lee, Ms. Foran was Senior Vice President, Corporate Governance, and Associate General Counsel at Pfizer Inc. where she advised company executives about legal risk related to strategic, operational, and technical issues. Ms. Foran's previous positions include serving as Associate General Counsel at ITT Corporation, and as Vice President and Assistant General Counsel at J.P. Morgan & Co. Inc. Ms. Foran is an active volunteer in a number of professional and non-profit organizations, including the American Red Cross, the Council of Institutional Investors (former co-chair), and the New York Stock Exchange.
Term: 2008-2009
Elizabeth S. Gantnier
Director of Quality Control, Stegman & Company
Baltimore, Maryland
In her current position, Ms. Gantnier is responsible for Stegman & Company's quality control and monitoring functions. Previously, she was the Vice President of Finance of a small public company and also was an auditor of public companies. She currently teaches continuing education courses in accounting on topics of interest to publicly held companies, governments, financial institutions, and manufacturers. Ms. Gantnier is a member of the Center for Audit Quality's Professional Practice Executive Committee.
Term: 2008-2009
Gaylen R. Hansen
Audit Partner and Director of Accounting and Auditing Quality Assurance, Ehrhardt Keefe Steiner & Hottman PC
Denver, Colorado
Mr. Hansen has more than 30 years of SEC accounting and auditing experience, with a special emphasis on smaller companies. He is responsible at EKS&H for setting firm accounting and audit policies and standards (including ethics and independence) and for SEC reporting issues. Mr. Hansen is a member of the Colorado State Board of Accountancy, the Board of Directors of the National Association of State Boards of Accountancy, and the American Institute of Certified Public Accountants' Professional Ethics Executive Committee. He served as a member of the U.S. Treasury Department's Advisory Committee on the Auditing Profession in 2007-2008.
Term: 2008-2009
Gail L. Hanson
Deputy Executive Director, State of Wisconsin Investment Board
Madison, Wisconsin
Currently, Ms. Hanson provides executive oversight of the investment of assets for the ninth largest pension plan in the United States. Her responsibilities include establishment of compliance policies and participation in corporate governance, in addition to review of internally and externally managed portfolios. Previously, Ms. Hanson worked at Price Waterhouse for 7 years. She then joined Blue Cross and Blue Shield of Wisconsin/Cobalt Corporation, where she held various positions for 20 years, including Senior Vice President, Treasurer, and Chief Financial Officer. Ms. Hanson is a member of Financial Executives International and the Madison Certified Financial Analysts' Chapter.
Term: 2009-2010
Patricia J. Harned
President, Ethics Resource Center
Arlington, Virginia
In her current position, Dr. Harned is responsible for management, strategic direction, and a wide portfolio of ethics research. Under her direction, the ERC produces the biennial National Business Ethics Survey, a 14-year longitudinal study that has become a benchmark for development and assessment of effective corporate ethics programs. Dr. Harned has also led ERC's strategic growth in other areas of qualitative and quantitative research, including the development of the Ethics Risk Index© for companies to assess their internal control environment in terms of ethics risk; development of policy and best practices in the area of ethics for both public and private institutions; and publication of Ethics Today.
Term: 2008-2009
Bernard K. Jarvis
Vice President for Finance and Administration and Chief Financial Officer, Joint Center for Political and Economic Studies
Washington, DC
At the Center, Mr. Jarvis's current responsibilities include fiscal and administrative operations, which consists of accounting, financial reporting, budgeting, and management information systems. Prior experience includes serving as the Chief Financial Officer of several major non-profit organizations and as an investment advisor for two major investment management firms. Mr. Jarvis also worked at a Big Four firm for six years. Mr. Jarvis's professional affiliations have included serving as a member of the Board of Directors of a public charter school, a healthcare organization, and Friends of the National Zoo.
Term: 2009-2010
Gregory J. Jonas
Managing Director, Moody's Investors Service
New York, New York
Mr. Jonas leads Moody's communication functions, globally. These functions manage Moody's relationships with the business press, assist with rating-related communications to the market, and oversee internal communications with employees. Prior to his communications role, Mr. Jonas led Moody's specialists' groups, consisting of accounting, governance, and financial instrument risk management disciplines. He was a founding member of the accounting specialists' group and for 5 years was Moody's chief accountant on ratings-related matters. Previously, Mr. Jonas was in the field of public accounting for 25 years. He has published research related to the credit implications of financial reporting issues and numerous other articles and reports in the area of business reporting. Mr. Jonas is a member of the FASB's Financial Accounting Standards Advisory Council and User Advisory Council. In 2007-2008, Mr. Jonas served on the SEC's Committee to Improve Financial Reporting.
Term: 2008-2009
Gary R. Kabureck
Vice President and Chief Accounting Officer, Xerox Corporation
Norwalk, Connecticut
Mr. Kabureck, who has been with Xerox for more than 20 years, is responsible for Xerox's worldwide accounting, external and internal financial reporting, related finance systems, internal control programs, and various compliance activities, including Sarbanes-Oxley Act compliance. Previously, Mr. Kabureck was a senior audit manager with a Big Four accounting firm. Mr. Kabureck also is involved in various professional organizations, including serving on various national committees of Financial Executives International. He is a frequent speaker on financial accounting and internal control subjects.
Term: 2008-2009
Wayne A. Kolins
Partner and National Director of Assurance, BDO Seidman, LLP
New York, New York
Mr. Kolins currently is in charge of development of BDO's audit and accounting methodology and compliance reviews, consultation with practice offices on technical matters, and development of the firm's responses to technical proposals. More than 43 years with BDO Seidman have provided Mr. Kolins with the opportunity to serve as Chairman of the Accounting and Auditing Committee of the firm's international organization, BDO International, and as the firm's National Director of Securities and Exchange Commission Practice. Commencing January 1, 2009, in addition to his current responsibilities, Mr. Kolins will assume the role of Head of Global Auditing and Accounting, BDO International. Mr. Kolins maintains an ongoing involvement in various professional accounting organizations, including serving in leadership roles for the Center for Audit Quality's Executive Committee and its Professional Practice Executive Committee.
Term: 2008-2009
Jeffrey P. Mahoney
General Counsel, Council of Institutional Investors
Washington, DC
Mr. Mahoney's responsibilities include leading the Council's analysis of technical issues before regulatory bodies, in addition to recommending Council positions on those issues. Prior to joining the Council, Mr. Mahoney was counsel to the chairman of the FASB and also previously served the FASB in a variety of research, technical, and administrative roles. In 1996, Mr. Mahoney established the Financial Accounting Standards Board's Washington, DC office and assumed responsibility for managing the FASB's government affairs activities. Prior to that time, Mr. Mahoney was a corporate/securities lawyer, a law clerk to the Chief Justice of the North Carolina Supreme Court, and an auditor for a Big Four accounting firm.
Term: 2008-2009
Warren E. Malmquist
Vice President, Global Internal Audit and Ethics, Molson Coors Brewing Company
Denver, Colorado
Mr. Malmquist has more than 25 years' of internal auditing experience. Currently, he directs Molson Coors' internal audit department where he has initiated management risk-assessed planning and developed the company's ethics program. Mr. Malmquist has also directed the company's internal control over financial reporting efforts related to Sarbanes-Oxley Act compliance. Mr. Malmquist is actively involved with the Institute of Internal Auditors and formerly served on the Executive Committee and Board of Directors.
Term: 2008-2009
Jamie S. Miller
Vice President, Controller and Chief Accounting Officer, General Electric Company
Fairfield, Connecticut
In her current position, Ms. Miller is responsible for GE's financial reporting, technical accounting, internal controls, and audit committee communications. In addition, she is a member of the Corporate Executive Council, a senior leadership team of the company. Previously, Ms. Miller was the Controller and Chief Accounting Officer of two other public companies—one, an established Fortune 50 managed care company, and the other, a newly public Fortune 200 insurance company. Ms. Miller is a member of the Financial Executives International's Committee on Corporate Reporting and of the American Institute of CPAs.
Term: 2009-2010
William P. Miller II
Senior Investment Officer, Fund Management, Ohio Public Employees Retirement System
Columbus, Ohio
Mr. Miller's responsibilities include developing and implementing investment strategies, risk management, research and analysis, internal equity index management as well as equity and derivatives trading for defined benefit and health care funds in excess of $80 billion. Mr. Miller has approximately 25 years of investment management experience with large institutional investment funds — public, ERISA-regulated, non-U.S. private pension, endowment, foundation, and foreign government-owned funds. Mr. Miller serves on audit committees of several boards as a financial expert. He also has served on U.S. and foreign exchange boards and on advisory committees of the U.S. Commodity Futures Trading Commission.
Term: 2008-2009
Steven B. Rafferty
Professional Practices Partner, BKD, LLP
Springfield, Missouri
In his current position, Mr. Rafferty oversees the quality control of the firm related to professional services, establishes firm policies and procedures for standards compliance, and develops and monitors firm risk management policies. Previously, Mr. Rafferty was the Director of Accounting and Auditing for BKD's St. Louis office and then served as BKD's firm-wide Director of A & A. He is a member of the American Institute of CPAs, and serves as a member of the Center for Audit Quality's Professional Practices Executive Committee.
Term: 2009-2010
Samuel J. Ranzilla
Audit Partner and National Managing Partner, Audit Quality and Professional Practice, KPMG LLP
New York, New York
In his current role, Mr. Ranzilla is responsible for KPMG's audit quality and monitoring functions, and its positions on auditing and related professional practice standards, accounting, and independence standards; development of guidance for the firm's audit professionals; and for KPMG's positions on SEC rulemakings and related accounting, disclosure, and independence standards affecting registered firms. Mr. Ranzilla also acts as the liaison for the firm with standards-setters and professional organizations. Mr. Ranzilla is a member of the Financial Accounting Standards Advisory Council and the Center for Audit Quality's Professional Practices Executive Committee.
Term: 2009-2010
Barbara L. Roper
Director of Investor Protection, Consumer Federation of America
Pueblo, Colorado
Ms. Roper's responsibilities as a consumer advocate include developing policy positions on investor-related matters and communicating those positions to regulators, legislators, and the media. Her area of expertise includes the effect of various issues on retail investors. In addition, Ms. Roper was involved in the legislative effort leading to passage of the Sarbanes-Oxley Act. She received the Consumer Excellence Award from Consumer Action in 2004. In addition, Ms. Roper actively participates in various professional and community organizations.
Term: 2008-2009
Lawrence J. Salva
Senior Vice President, Chief Accounting Officer, and Controller, Comcast Corporation
Philadelphia, Pennsylvania
Mr. Salva joined Comcast in 2000, after more than 23 years at a Big Four accounting firm, during which he served as a National Technical Accounting Consulting Partner and Regional Risk Management Partner. He also served as a Professional Fellow at the Securities and Exchange Commission's Office of the Chief Accountant. In his current position, Mr. Salva is responsible for internal management and external financial reporting, in addition to the corporate controller functions, corporate financial planning and analysis, and corporate tax and risk management. Mr. Salva is active in the accounting profession, currently serving on the Executive Subcommittee, and previously as the Chair, of the Committee on Corporate Reporting of Financial Executives' International.
Term: 2008-2009
Kurt N. Schacht
Executive Director, Centre for Financial Market Integrity, Chartered Financial Analysts Institute
New York, New York
Mr. Schacht currently is responsible for the division of the CFA Institute that covers all financial reporting matters. He is responsible for directing the advocacy and regulatory affairs program, in addition to development of policy and industry and professional standards for securities analysts, such as the Asset Manager Code of Professional Conduct for hedge funds. Previously, Mr. Schacht was a chief legal and compliance officer for a hedge fund and the chief operating officer for a retail mutual fund complex.
Term: 2008-2009
James V. Schnurr
Deputy Managing Partner, Audit and Enterprise Risk Services, Deloitte & Touche LLP
Wilton, Connecticut
Mr. Schnurr has been with the firm for more than 30 years and currently is the senior professional practice leader for Deloitte & Touche, with overall responsibility for interpreting application of professional standards related to all accounting, financial reporting, and auditing matters. He oversees quality assurance and risk management activities for the Audit and Enterprise Risk Services practice and serves the firm's largest clients in various capacities. Mr. Schnurr is a member of the Professional Practices Executive Committee of the Center for Audit Quality.
Term: 2009-2010
R. Harold Schroeder
Director of Relative Value Arbitrage, Carlson Capital
Greenwich, Connecticut
Mr. Schroeder's current occupation as a senior portfolio manager requires that he oversee 35 investment and trading professionals for industry groups covering approximately 85 percent of the Standard & Poor's 500. Previously, Mr. Schroeder spent several years as a senior equity analyst in the banking industry and 13 years as an audit professional for a Big Four firm in which he was a partner in the Financial Services Division. Mr. Schroeder is a member of the Financial Accounting Standards Board's Emerging Issues Task Force.
Term: 2009-2010
Damon A. Silvers
Associate General Counsel, AFL-CIO
Washington, DC
Mr. Silvers' responsibilities include corporate governance, pension, and general business law issues. He led the AFL-CIO legal team that won severance payments for laid-off Enron and WorldCom workers. He also testified before numerous congressional committees on issues arising out of the collapse of Enron. Mr. Silvers served on the U.S. Treasury Department Investor's Practice Committee of the President's Working Group on Financial Markets in 2007-2008. He also served as a member of the U.S. Treasury Department's Advisory Committee on the Auditing Profession in 2007-2008.
Term: 2008-2009
Paul J. Sobel
Vice President, Internal Audit, Mirant Corporation
Atlanta, Georgia
In his current position, Mr. Sobel directs the enterprise-wide internal audit activities of Mirant. In addition, he provides support for the company's Sarbanes-Oxley compliance and its enterprise risk management activities. His prior experience includes more than 25 years of audit and risk-management related responsibilities with three Fortune 500 companies and an international accounting firm. Mr. Sobel serves on the Institute of Internal Auditors' (IIA) International Board of Directors, and the IIA executive committee. He is the president of the IIA Research Foundation.
Term: 2009-2010
Shelley S. Stein
Chief Operating Officer, Grant Thornton LLP
Fort Lauderdale, Florida
Ms. Stein is responsible for operational and strategic priorities, including public policy and external affairs. Prior to serving as COO, Ms. Stein served as U.S. Managing Partner of Client Services and directed national managing partners engaged in assurance and advisory, tax, and international services, as well as the firm's industry groups. In addition, Ms. Stein is a member of various professional societies and was named "Woman CPA of the Year" by the American Women's Society of CPAs in 2000 and one of the top "50 Influencers Worth Watching" by Business Finance magazine in 2005. She also serves as the firm's lead team member on the Center for Audit Quality's Executive Committee.
Term: 2008-2009
Thomas Tefft
Vice President, Corporate Controller, Medtronic, Inc.
Minneapolis, Minnesota
In his current position, Mr. Tefft's responsibilities include all accounting and financial reporting, financial planning and analysis, and Sarbanes-Oxley compliance. Previously at Medtronic, Mr. Tefft was the Vice President, Finance, of the Cardiac Rhythm Management group and, prior to that position, held the position of Vice President and Controller for the company's Europe, Middle East, and Africa operations. Mr. Tefft also had 10 years' prior experience with a Big Four accounting firm and was responsible there for managing the audits of several multinational engagements.
Term: 2009-2010
Lynn E. Turner
Board Member and Senior Advisor, Kroll Inc.
Broomfield, Colorado
Mr. Turner serves as a corporate board member and senior advisor to Kroll Inc., a forensic accounting firm. Mr. Turner has the unique perspective of having been the Chief Accountant of the Securities and Exchange Commission, a member of boards of public companies, a trustee of a mutual fund and a public pension fund, a professor of accounting, a partner in a major international accounting firm, a managing director of a research firm, a chief financial officer and an industry executive. Mr. Turner also served as a member of the U.S. Treasury Department's Advisory Committee on the Auditing Profession in 2007-2008. Currently, he is a member of the Financial Accounting Standards Board's Investor Technical Advisory Committee and also has served as the SEC Observer to all the FASB, EITF and FASAC meetings.
Term: 2009-2010
Ted White
Chief Operating Officer, Knight Vinke Asset Management LLC
El Dorado Hills, California
Mr. White, in addition to his responsibilities as the Chief Operating Officer, is a member of the Board of Directors of Knight Vinke. He is a former Deputy Director of the Council of Institutional Investors. From 1999 to 2005, Mr. White was a Portfolio Manager and Director of Corporate Governance for the California Public Employees' Retirement System (CalPERS), where he was responsible for all components of its Governance Program, including $3 billion in active management, policy development and implementation, proxy voting, and focused engagement activities. From 1991 to 1999, Mr. White was the Investment Officer – Deputy State Treasurer, California State Treasurer's Office, and served as a representative of the State Treasurer on the Board of CalPERS and the California State Teachers' Retirement System.
Term: 2008-2009
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