Standing Advisory Group
Members and Biographies
Ernest F. Baugh, Jr.
National Director of Professional Standards, Mayer Hoffman McCann P.C.
Chattanooga, Tennessee
Mr. Baugh is the National Director of Professional Standards for Mayer Hoffman McCann P.C. He serves on the firm's Technical Committee as well as its Board of Directors. He consults with all offices on issues related to technical accounting, auditing, independence, and SEC reporting issues. Mr. Baugh has spent a significant amount of his career of more than 30 years in public accounting on matters related to SEC reporting and compliance with accounting and auditing standards.
Term: 2007-2008
David M. Becker
Partner,
Cleary Gottlieb Steen & Hamilton LLP
Washington, DC
Mr. Becker's practice covers the full range of issues arising out of capital markets' activities. As a partner at Cleary
Gottlieb Steen & Hamilton, he focuses on Securities and Exchange Commission and other investigations, on corporate governance issues, and on a broad range of SEC regulatory matters. Mr. Becker served as General Counsel of the Securities and Exchange Commission for more than two years in which he dealt with a variety of auditing-related issues, including independence. Prior to that, while at the SEC, he was a drafter of Staff Accounting Bulletin 99, Materiality. Mr. Becker has advised clients on matters related to corporate governance, accounting, and disclosure. He is currently a member of the American Bar Association and the American Law Institute.
Term: 2007-2008
Joseph 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. He also has conducted research on fraudulent financial reporting. Carcello co-authored the COSO-sponsored study on fraudulent financial reporting between 1987 and 1997 in the United States. Currently, he is part of the team retained by COSO to study fraud from 1998 through 2007. Mr. Carcello currently serves as Vice President–Finance, for the American Accounting Association and as a member of the Institute of Internal Auditors’ Professional Issues Committee.
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 25 years of public accounting experience and is currently the U.S. National Office Professional Practice Leader. In his current role at PricewaterhouseCoopers LLP, 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. His previous experiences have included serving as the engagement partner on audits of major U.S. corporations as well as mid-sized public and private companies.
Term: 2008-2009
J. Richard Dietrich
Professor of Accounting and Chair of the Department of Accounting & Management Information Systems,
The Ohio State University
Columbus, Ohio
Professor Dietrich is a professor of accounting and chair of the Department of Accounting & Management Information Systems at The Ohio State University. Prior to joining the faculty at Ohio State, Professor Dietrich held appointments at the University of Illinois at Urbana-Champaign, the University of Texas at Austin, and the University of Chicago. He has published many articles in refereed accounting journals. Other professional activities include serving as a consultant on accounting matters.
Term: 2007-2008
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.
Term: 2008-2009
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 31 years of experience as a CPA. His current responsibilities include national office accounting, auditing, SEC reporting, quality control, and risk management functions. He is the Chairman of the Board of Directors of the American Institute of CPAs for its 2007-2008 year. In addition, he serves on the Center for Audit Quality's Executive Committee and its Professional Practice Executive Committee.
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, global business practices, risk management, internal audit and sustainability. 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 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 (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 at Stegman & Company, Ms. Gantnier is responsible for the firm's quality control and monitoring functions. Previously, Ms. Gantnier served as the Vice President of Finance of a small public company and as an auditor of public companies. She currently teaches continuing education courses in accounting on topics of interest to publicly held companies, governments, construction contractors, financial institutions, and manufacturers. Ms. Gantnier is a member of the Center for Audit Quality's Professional Practice Executive Committee.
Term: 2008-2009
Arnold C. Hanish
Chief Accounting Officer, Eli Lilly and Company
Indianapolis, Indiana
Mr. Hanish has 35 years of experience as a CPA, including almost 14 years with Arthur Young & Company. As Chief Accounting Officer for Eli Lilly and Company, he is responsible for global accounting, including Sarbanes-Oxley Act compliance, and Securities and Exchange Commission reporting processes as well as the U.S. payroll, shareholder and stock option services, business partner support for corporate staff functions, and consulting services on business development activities, including acquisition and divestiture of compounds and mergers and acquisitions activity. Mr. Hanish is the current Chairman of the Financial Executives International's Committee of Corporate Reporting.
Term: 2007-2008
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 regulatory liaison, ethics and independence, and 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 was recently appointed to the U.S. Treasury Department's Advisory Committee on the Auditing Profession.
Term: 2008-2009
Patricia J. Harned
President, Ethics Resource Center
Washington, DC
As President of the Ethics Resource Center, 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
Howard J. Johnson
Retired Vice President of Internal Audit, Lowe's Companies, Inc.
Ocean Isle Beach, North Carolina
Until his recent retirement, Mr. Johnson was the Vice President of Internal Audit at Lowe's. In that position, he was responsible for managing all enterprise internal audit activities and also was the secretary to the audit committee. Before joining Lowe's, Mr. Johnson was Senior Vice President of Internal Audit of JCPenney's where he worked for 29 years. Mr. Johnson is the Past Chairman of the Board of the Institute of Internal Auditors.
Term: 2007-2008
Gregory J. Jonas
Managing Director, Moody's Investors Service
New York, New York
As Moody's chief accountant, Mr. Jonas leads the organization's group of accounting specialists in helping Moody's analysts assess credit risks of borrowers, publish research on financial reporting, and externally represent Moody's regarding issues related to financial analysis and reporting matters. Previously, Mr. Jonas was a Global Managing Director of a worldwide accounting firm and was in the field of public accounting for more than 20 years. He has published research related to the credit implications of financial reporting issues in addition to numerous other articles in the area of business reporting. In addition, Mr. Jonas is a member of Financial Accounting Standards Board's Financial Accounting Standards Advisory Council and also is a member of FASB's User Advisory Council.
Term: 2008-2009
David M. Julian
Executive Vice President,
Wachovia Corporation
Charlotte, North Carolina
Mr. Julian has been with Wachovia since 1997. In his current role as Chief Operating Officer for Finance, he is primarily responsible for the leadership and oversight of finance-related projects and initiatives. It was announced that Wachovia expects to name Mr. Julian Chief Auditor upon the announced retirement of its current Chief Auditor later in 2007. Previously, Mr. Julian was in a leadership position at a multinational management training and consulting company after gaining experience as an auditor for a major, multinational public accounting firm.
Term: 2007-2008
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 and as the firm's National Director of Securities and Exchange Commission Practice . Mr. Kolins maintains an
ongoing involvement in various professional accounting organizations, including the Center for Audit Quality’s Executive Committee and
its Professional Practice Executive Committee, serving in leadership roles
Term: 2008-2009
Robert J. Kueppers
Deputy CEO and Vice-Chairman, Deloitte & Touche USA LLP
New York, New York
Mr. Kueppers has more than 30 years of experience in the accounting profession. In his current capacity as Deputy CEO of Deloitte & Touche USA LLP, he is responsible for the firm's regulatory and public policy matters and provides directions for ethics and compliance programs.
Term: 2007-2008
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 that organization 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' 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 where he currently serves on the Executive Committee and Board of Directors.
Term: 2008-2009
Michael P. McCauley
Director, Office of Corporate Governance and Investment Communications,
State Board of Administration of Florida
Tallahassee, Florida
Mr. McCauley's current supervisory responsibilities with State Board of Administration of Florida include the global corporate governance program, investment communications, client services, and general investment research across all asset classes of the Florida Retirement System. He previously held other positions at SBA as the Director of Administration and Client Services and Corporate Affairs and Research Manager. Mr. McCauley is active in a variety of professional organizations related to his field, including the National Association of Corporate Directors and the Professional Risk Managers International Association.
Term: 2007-2008
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 advisory committees of the U.S. Commodity Futures Trading Commission. Mr. Miller has testified before Congress on capital market, derivatives, and risk management matters.
Term: 2008-2009
John M. Morrissey
Managing Director, Fortress Investment Group LLC
New York, New York
Mr. Morrissey has more than 28 years of diversified accounting and auditing experience. Currently, he is the Controller of Fortress,
with responsibilities including global accounting, Sarbanes-Oxley Act compliance, Securities and Exchange Commission reporting, and
generally accepted accounting principles compliance. Prior experience includes serving as Operating Controller of General Electric Corporation,
Deputy Chief Accountant at the SEC, and an audit partner for Coopers & Lybrand.
Term: 2007-2008
Charles H. Noski
Retired Vice Chairman of the Board, AT&T Corporation
Palos Verdes Estates, California
Mr. Noski is currently the audit committee chairman for Microsoft Corporation and for Morgan Stanley and also is a member
of the Board of Directors of Air Products & Chemicals, Inc. Mr. Noski served as a Chief Financial Officer
for several companies – AT&T Corporation, Northrop Grumman Corporation, United Technologies Corporation, and Hughes Electronics
Corporation. Subsequently, Mr. Noski was elected Vice Chairman of Hughes Electronics Corporation, in 1996, and President and Chief
Operating Officer of Hughes Electronics in 1998. He is also a former audit partner of a Big Four accounting firm.
Term: 2007-2008
Samuel J. Ranzilla
Audit Partner and Partner-in-Charge of Department of Professional Practice, KPMG LLP
New York, New York
In his current role, Mr. Ranzilla is responsible for his firm's positions on auditing and related professional practice standards, accounting, and independence standards; development of guidance for the firm’s audit professionals; positions on SEC rulemakings and related accounting, disclosure, and independence standards affecting registered public accounting firms; and liaison with standard-setters and professional organizations.
Term: 2007-2008
Cynthia L. Richson
Director of Corporate Governance,
Employees Retirement System of Texas
Austin, Texas
Ms. Richson is an attorney with more than 20 years of legal, business, and corporate governance experience. She recently served as the Corporate Governance Officer for the Ohio Public Employees Retirement System, a $77 billion state pension fund. Formerly, Ms. Richson was the Director of Corporate Governance for the State of Wisconsin Investment Board. She currently is a member of the International Corporate Governance Network Accounting and Auditing Practices Committee. Ms. Richson previously was a member of the Board of Directors of the Council of Institutional Investors.
Term: 2007-2008
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 policy development and development of 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
Damon 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 was recently appointed to the U.S. Treasury Department Investor’s Practice Committee of the President’s Working Group on Financial Markets. He also was recently appointed to the U.S. Treasury Department’s Advisory Committee on the Auditing Profession.
Term: 2008-2009
Shelley S. Stein
Chief Operating Officer, Grant Thornton LLP
Weston, Florida
Ms. Stein is a member of the firm's senior leadership team and is responsible for operational and strategic priorities, including public policy and external affairs, human resource management, strategic learning, the Office of Strategy Management, and marketing and sales. 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
Robert M. Tarola
Senior Vice President and Chief Financial Officer,
W.R. Grace & Co.
Columbia, Maryland
Mr. Tarola's current responsibilities encompass all aspects of finance and accounting, including internal and external reporting, response to governance and process requirements of the Sarbanes-Oxley Act, and restructuring of W.R. Grace & Co. He has more than 30 years' experience in the financial reporting field, including more than 20 years as an audit partner for a major, multinational public accounting firm and more than 10 years as a public company CFO. Mr. Tarola currently serves on the Accountancy Advisory Board of the University of Denver and on the boards and audit committees of several publicly traded investment companies. In addition, he is an at-large member of the Governing Council of the American Institute of Certified Public Accountants and serves on the AICPA’s Assurance Services Executive Committee.
Term: 2007-2008
Lynn E. Turner
Broomfield, Colorado
Mr. Turner has the unique experience of having been a partner in an international accounting firm, a chief financial officer and executive in industry, the Chief Accountant of the Securities and Exchange Commission, and the Managing Director of Research of a proxy and financial research firm. He serves on corporate and mutual fund boards, where he has chaired the audit committees. In addition, Mr. Turner serves as a trustee of a $40 billion public pension fund. He also serves as a senior adviser to Kroll, Inc., a forensic accounting firm. Mr. Turner was recently appointed to the U.S. Treasury Department’s Advisory Committee on the Auditing Profession.
Term: 2007-2008
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, he was 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 Systems.
Term: 2008-2009
Wes Williams
Executive-in-Charge, Assurance Professional Practice Group, Crowe Chizek and Company LLC
South Bend, Indiana
Mr. Williams has more than 30 years' experience as a CPA with Crowe Chizek and Company LLC, a large regional firm. He leads the Assurance Professional Practice Group, which is responsible for the application of and compliance with audit, accounting, and other professional standards and regulatory requirements. Mr. Williams has served on professional committees, including standards-setting groups, and is a member of the International Federation of Accountants' Transnational Auditors' Committee.
Term: 2007-2008
Christianna Wood
Chief Executive Officer, Capital Z Asset Management
New York, New York
Ms. Wood has more than 25 years of investment management experience. She is currently the Chief Executive Officer of Capital Z Asset Management, the largest dedicated sponsor of hedge funds. Ms. Wood previously managed implementation of CalPERS' $150 billion global public equities. Prior to joining CalPERS, she was the Director of Value Strategies, Portfolio Manager, and Partner for Denver Investment Advisors, LLC. Ms. Wood is a member of the Financial Accounting Standards Board's User Advisory Council. She is the Chair of the International Corporate Governance Network’s Accounting and Auditing Practices Committee and also is a member of the Board of Trustees for Vassar College.
Term: 2007-2008
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