© 2003 SHRM

SHRM Weekly Online Poll: July 15, 2003

Weekly Poll – Sarbanes Oxley

• Analyzing 166 responses of 1799 emails sent, 1593 received (response rate = 10%).

• Fielded July 15-22, 2003; presentation generated on July 22, 2003.

• Margin of error = +/- 7.7%

© 2003 SHRM

SHRM Weekly Online Poll: July 15, 2003

What changes, if any, has your organization made as a result of the Sarbanes-Oxley Act (Please select all that apply.)

18%13%

19%11%

55%

0%

10%

20%

30%

40%

50%

60%

Added an ethics hotlineCreated a policy to protect whistleblowers

Modified procedure for announcing "black out periods"

Other (please specify)None

© 2003 SHRM

SHRM Weekly Online Poll: July 15, 2003

What changes, if any, has your organization made as a result of the Sarbanes-Oxley Act (Please select all that apply.)

Choice Count Percent

of Sample

Added an ethics hotline 30 18.1%

Created a policy to protect whistleblowers 21 12.7%

Modified procedure for announcing “black out periods” (when employees can’t make changes to their 401(k) plans)

32 19.3%

Other (please specify) 18 10.8%

None 91 54.8%

© 2003 SHRM

SHRM Weekly Online Poll: July 15, 2003

Other (Specify)

• Created an internal audit team and rolled out an ethics program with decision making tools

• elimination of exec loans

• As an accounting firm, many new procedures as required by law.

• modify blackout periods for ESPP

• Modified Policy concerning whistleblowers

• Developed additional ethics and independence policies and procedures

• Added Ethics officer

• Increased training/awareness.

• Additional training for all officers;altered policies in the area of options and relocation

© 2003 SHRM

SHRM Weekly Online Poll: July 15, 2003

Other (Specify), cont’d.• Training all associates

• we already had all of the above so nothing has changed for us

• In Process...

• Non-profit trade association....we've created an Audit Committee

• Added "ethics reminder" to normal flyer update

• Unsure

• More checks & balances procedures. In depth training meetings with Plant Controllers &

Plant Managers

• Reviewed and revised policies concerning loans for executives.

• We are more mindful of corporate accountability and are researching additional policies/procedures that may need to be implemented, reviewing processes, and ensuring that our governance plan for our Board takes corporate accountability into consideration.