Dell Overhauls Boardroom Governance Under SEC Settlement

Posted by theliepolitic on Sep 30th, 2009 and filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed. | Viewed 230 times.

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Dell said Monday it will beef up accounting and corporate governance rules as part of a settlement tied to an investigation into its past financial practices. Dell, the world’s second largest PC maker behind HP, will also pay $1.75 million in legal fees, according to a settlement filed with the Securities and Exchange Commission. After an SEC investigation into Dell’s accounting was made public in 2006, several shareholder groups filed lawsuits saying Dell misrepresented its financial health while officers and board members sold stock at inflated prices.

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