FREDERICK D. LIPMAN is a partner with the law firm of Blank Rome LLP in Philadelphia. He was a lecturer in the MBA program at the Wharton School of Business and at the University of Pennsylvania Law School and has more than forty years of experience in the areas of corporate governance, mergers and acquisitions, private equity, and IPOs. He is the President of the Association of Audit Committee Members, Inc., and has appeared on television programs on CNBC, CNN, and Bloomberg as a national commentator on initial public offerings, venture capital, mergers and acquisitions, and stock options. He is also the author of Valuing Your Business: Strategies to Maximize the Sale Price (Wiley) and Audit Committees. L. KEITH LIPMAN lectures nationally on management of information and technology subjects and is a member of the product management team at Interwoven, one of the world's fifty largest software companies and a leading provider of enterprise content management solutions. He holds both an MBA degree and a law degree.

• Preface. Acknowledgments.PART I: BEST PRACTICES FOR ALL ORGANIZATIONS.1. Why Is Corporate Governance Important?2. Summary of Major Corporate Governance Principles and Best Practices.3. Best Practices to Monitor Risk in Different Organizational Departments.4. Monitoring and Changing the Corporate Culture.5. The Internal Audit Function.6. Compensation Committees of Public, Private, and Not-for-Profit Organizations.7. Other Committees.8. Independent Directors and Their Committees.PART II: INFORMATION TECHNOLOGY CORPORATE GOVERNANCE.9. IT Content: Best Corporate Governance Practices.10. IT Security Best Corporate Governance Practices.PART III: THE PUBLIC COMPANY AUDIT COMMITTEE.11. Who Can Qualify for a Public Company Audit Committee?12. Public Company Audit Committee: Personal Liability of Audit Committee Members.13. Minimum Responsibilities of Public Company Audit Committees.14. Other Public Company Audit Committee Functions.15. 30 Best Practice Considerations for the Public Company Audit Committee.16. Who Is an Independent Auditor?PART IV: PRIVATE AND NOT-FOR-PROFIT ORGANIZATIONS.17. Corporate Governance for Family-Owned and Other Private Businesses.18. Corporate Governance for Not-for-Profit Organizations.PART V: APPENDIXES.A: Summary of Sarbanes-Oxley Act of 2002.B: Risk Assessment Chart under Auditing Standard No. 2.C: “Uncooking the Books: How Three Unlikely Sleuths Discovered Fraud at WorldCom.”D: Suggested Corporate Governance Web Site Resources.Index.

FREDERICK D. LIPMAN is a partner with the law firm of Blank Rome LLP in Philadelphia. He was a lecturer in the MBA program at the Wharton School of Business and at the University of Pennsylvania Law School and has more than forty years of experience in the areas of corporate governance, mergers and acquisitions, private equity, and IPOs. He is the President of the Association of Audit Committee Members, Inc., and has appeared on television programs on CNBC, CNN, and Bloomberg as a national commentator on initial public offerings, venture capital, mergers and acquisitions, and stock options. He is also the author of Valuing Your Business: Strategies to Maximize the Sale Price (Wiley) and Audit Committees. L. KEITH LIPMAN lectures nationally on management of information and technology subjects and is a member of the product management team at Interwoven, one of the world's fifty largest software companies and a leading provider of enterprise content management solutions. He holds both an MBA degree and a law degree.

• Preface. Acknowledgments.PART I: BEST PRACTICES FOR ALL ORGANIZATIONS.1. Why Is Corporate Governance Important?2. Summary of Major Corporate Governance Principles and Best Practices.3. Best Practices to Monitor Risk in Different Organizational Departments.4. Monitoring and Changing the Corporate Culture.5. The Internal Audit Function.6. Compensation Committees of Public, Private, and Not-for-Profit Organizations.7. Other Committees.8. Independent Directors and Their Committees.PART II: INFORMATION TECHNOLOGY CORPORATE GOVERNANCE.9. IT Content: Best Corporate Governance Practices.10. IT Security Best Corporate Governance Practices.PART III: THE PUBLIC COMPANY AUDIT COMMITTEE.11. Who Can Qualify for a Public Company Audit Committee?12. Public Company Audit Committee: Personal Liability of Audit Committee Members.13. Minimum Responsibilities of Public Company Audit Committees.14. Other Public Company Audit Committee Functions.15. 30 Best Practice Considerations for the Public Company Audit Committee.16. Who Is an Independent Auditor?PART IV: PRIVATE AND NOT-FOR-PROFIT ORGANIZATIONS.17. Corporate Governance for Family-Owned and Other Private Businesses.18. Corporate Governance for Not-for-Profit Organizations.PART V: APPENDIXES.A: Summary of Sarbanes-Oxley Act of 2002.B: Risk Assessment Chart under Auditing Standard No. 2.C: “Uncooking the Books: How Three Unlikely Sleuths Discovered Fraud at WorldCom.”D: Suggested Corporate Governance Web Site Resources.Index.