December 18, 2007
NACD presented a webcast on Financial Reporting Risk in the Current Environment, a program designed to help corporate board members enhance their risk oversight role in financial reporting. Gibson, Dunn & Crutcher partner Lewis Ferguson was a key speaker for the program on Tuesday, December 18, 2007, sponsored by NACD in association with FASB and Gibson Dunn. Additional details on the program may be found below.
Market values in today’s environment can be particularly difficult to determine, especially when financial modeling is used to estimate market value for specific assets and portfolios of assets. This program provides corporate board members with an understanding of how market value estimates should be developed for financial reporting.
describes development of market value estimates,
identifies scenarios where problems can occur, and
suggests things directors may want to to consider, including how to weigh whether third party experts should be engaged to assist the board.