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SEC Names 19 to Small Public Company Advisory Committee March 8, 2005 (SmartPros) Securities and Exchange Commission Chairman William H. Donaldson announced the appointment of 19 additional members of the SEC Advisory Committee on Smaller Public Companies, which will examine the impact of the Sarbanes-Oxley Act and other aspects of the federal securities laws on smaller companies. Donaldson also said that representatives of three groups, the Public Company Accounting Oversight Board, the Financial Accounting Standards Board and the North American Securities Administrators Association, have accepted invitations to become official observers of the committee. The role of the advisory committee is to advise the SEC on how best to assure that the costs of regulation for smaller companies under SOX and other securities laws are commensurate with the benefits. The new members of the advisory committee include Mark Jensen, national director of Deloitte & Touche Venture Capital Services, and Joseph "Leroy" Dennis, executive partner of McGladrey & Pullen. The additional appointments bring the total number of members of the advisory committee to 21. Chairman Donaldson previously had announced the appointment of Herbert S. Wander, a prominent Chicago securities lawyer, and James C. Thyen, President and CEO of Kimball International, Inc., as co-Chairs of the advisory committee. The first public meeting for early April in Washington, D.C. The SEC will publish an official notice of the date, time and place of the meeting in the Federal Register and on the SEC's Web site.
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