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Performance Analysis & Information Standards ("PAIS") Panel
The purpose of the
"PAIS" Panel is to develop recommendations of new standards for
communications between analysts and the companies they cover.
Questions about
what information is needed and how the requirements are defined,
particularly in the changing context of "New Economy" companies, were
identified during the July 11, 2000 open meeting of the NYSSA Forum, "Amazon.com:
Responsibility for Investment Information," sponsored by the Committee for
Corporate Governance. The PAIS Panel was formed to conduct hearings on
relevant issues to determine how analysts and companies should exchange
information to maintain a fair and orderly market, with the following
initial members:
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Gary
Lutin,
Lutin & Company (Chairman)
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Peter F.
Brennan,
CFA, Chairman, NYSSA's Corporate Governance & Shareholder Rights Committee
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Charles
M. Elson, Director, Delaware Center for
Corporate Governance
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Elizabeth A. Fender,
Director, Accounting Standards, AICPA
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James C.
Goodale,
former Vice Chairman of the New York Times and host of PBS TV's
"Telecommunications & Information Revolution"
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Russell
Grandinetti,
Treasurer, Amazon.com
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Faye I.
Landes,
Senior Research Analyst, Sanford C. Bernstein & Co.
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Kurt N.
Schacht,
COO, Evergreen Asset Management
The Panel will be conducting a
series of open meetings to address specific issues, inviting authoritative
guest speakers to present the views of company executives and directors,
auditors, regulators, journalists, and others who share a common interest in
providing reliable information for investment decisions.
ADDITIONAL INFORMATION:
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