This sample document provides guidelines for creating a disclosure committee charter.
The committee charter is usually prepared in the first year of a disclosure committee contract. The United States Securities and Exchange Commission (SEC) adopted new rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934, effective as of August 29, 2002, which implement Section 302 of the Sarbanes-Oxley Act of 2002 (the Exchange Act Rules). This is the general foundation upon which the charter is developed. The charter also establishes the disclosure committee’s reporting position within the organization and defines the scope of committee activities.