Term
| Corporate accountability reporting |
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Definition
| Corporate-issued reports which provide information about the governance, economic, ethical, social, and environmental performance of an entity. aka the MLB points |
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Term
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Definition
| Norms, standards, and behavior existing within a company that are developed over time and are derived from shared values. |
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Definition
| Individuals responsible for aligning management interests with those of long-term shareholders and protecting investors from misleading financial information such as directors, auditors, and legal counsel. |
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Term
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Definition
| The process affected by a set of legislative, regulatory, legal, market mechanisms, listing standards, and best practices with the goal of creating sustainable value for shareholders while protecting the interests of other stakeholders. |
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Term
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Definition
| The behavior of individuals and the organization’s commitment to conduct their activities in an honorable manner. |
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Term
| Generally Accepted Accounting Principles (GAAP) |
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Definition
| The common set of accounting principles, standards, and procedures that companies use to measure, classify, and recognize business transactions and prepare their financial statements. |
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Term
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Definition
| Rules and regulations that public companies must meet to remain listed and be traded on an individual stock exchange. |
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Term
| Multiple bottom lines (MBL |
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Definition
| Measuring and reporting an organization’s economic, governance, social, ethical, and environmental performance. |
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Term
| Public Company Accounting Oversight Board (PCAOB) |
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Definition
| Private-sector, nonprofit corporation, created by the Sarbanes-Oxley Act of 2002, to oversee the auditors of public companies in order to protect the interests of investors and further public interest in the preparation of informative, fair, and independent audit reports. |
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Term
| Sarbanes-Oxley Act of 2002 (SOX) |
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Definition
| Bill signed into law by Congress July 30, 2002, that was designed to reinforce corporate accountability and restore investor confidence in public financial reports. |
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Term
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Definition
| Truth in securities” law requiring that investors receive financial and other significant information concerning securities being offered for public sale and prohibiting deceit, misrepresentations, and other fraud in the sale of securities. |
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Term
| Securities Exchange Act of 1934 |
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Definition
| A federal law to protect investors from receiving misleading financial information. |
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Term
| Securities and Exchange Commission (SEC) |
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Definition
| Created by the Securities Exchange Act of 1934 with the mission to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. |
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Term
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Definition
| The effects of the organization’s activities and behavior on its stakeholders including society, the environment, competitors, suppliers, customers, employees, directors, officers, and other profit-oriented and not-for-profit organizations. |
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