What is the role of disclosure committee ?

The purpose of disclosure committees is to assist the CEO, CFO and the audit committee in preparing the disclosures required under the SEC rules (Exchange Act Rule 13a-15(d)) and to help ensure that a company’s disclosure controls and procedures are properly implemented. Likewise, disclosure committees can help ensure that company filings are accurate, complete, timely and fair. It can set parameters for and determine the appropriateness of disclosures in all publicly disseminated information.

The objectives of many disclosure committees are to:

• Communicate, discuss, and capture comments for inclusion in SEC filings.
• Broaden the emphasis of integrity and completeness relating to internal controls over financial reporting.
• Enhance and support the certification requirements of Section 302, 404 and 906 of the SOX Act.

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A group tasked with reviewing all proposed disclosures prior to their release

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