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US accounting regulator taps investors for perspectives

The Public Company Accounting Oversight Board. the US accounting standard setter, has announced the 19 members of the inaugural Investor Advisory Group. The group will provide a forum for the board to obtain the views of, and advice from, the broader investor community. The board established the group in July and sought nominations for its membership.

Notable members of the governance community invovled with the group include: Richard Ferlauto, director of corporate governance and pension investment for the American Federation of State, County and Municipal Employees; Anne Simpson, senior portfolio manager of global equity for CalPERS and latterly executive eirector of ICGN; Meredith Williams, executive director of the Colorado Public Employees Retirement Association; and Ann Yerger, executive director of the Council of Institutional Investors. The group will be chaired by PCAOB member Steven B. Harris.

The Public Company Accounting Oversight Board (PCAOB) is a private, nonprofit corporation created by the Sarbanes-Oxley Act of 2002 to oversee the auditors of public companies. The PCAOB was created to protect investors and the public interest by promoting informative, fair, and independent audit reports.

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