Requirement (SOX)
Section 402: Enhanced Conflict of Interest Provisions
Requirements SOX
Description
Description
Generally, it will be unlawful for an issuer to extend credit to any director or executive officer. Consumer credit companies may make home improvement and consumer credit loans and issue credit cards to its directors and executive officers if it is done in the ordinary course of business on the same terms and conditions made to the general public.
Comment
Concerns: issuers