SEC adopts new S-K Item 407

• Consolidates corporate governance disclosure requirements

• Part of rule-making to revise
  executive compensation disclosures
• SEC Release 33-8732A August 2006

Affects required disclosures about

• Director independence
• Director attendance
• Board committees
• Other corporate governance matters
• Final release commentary  §V.D.

S-K Item 407 Interpretations

• General 407(d) Interpretations
• Specific 407(d) Interpretations

• Issued 3.14.07
• Replace prior S-K 407 interpretations in July 1997 Manual of Publicly Available Telephone Interpretations
• See S-K 407 Interpretations

Law Firm Commentary

• Perkins Coie reference chart

Final release 33-8732  August 2006

• Corporate governance disclosure §V.D

Proposal release 33-8655  January 2006

• Corporate governance disclosure §V.D

Corporate Governance

Regulation S-K Index

Audit Committees

Audit Committee Financial Experts