今天给大家介绍美国的董事会的相关内容。USCPA考试中法规考察内容较多，中美公司法内容还是不太一样的，考生们需要注意。
Board of Directors
董事会是依照有关法律、行政法规和政策规定，按公司或企业章程设立并由全体董事组成的业务执行机关。具有如下特征：
董事会是股东会或企业职工股东大会这一权力机关的业务执行机关，负责公司或企业和业务经营活动的指挥与管理，对公司股东会或企业股东大会负责并报告工作。股东会或职工股东大会所作的决定公司或企业重大事项的决定，董事会必须执行。
· Declaration of Distributions
· Fiduciary Duties
–Right to Pay
–Liability for Unlawful Distributions/Dividends
–Duty of Loyalty
–Corporate Opportunity Doctrine
· Indemnification
–Generally … except in a shareholder derivative suit
（股东派生诉讼）
–D&O insurance
Officers
· Selection and Removal
· Authority （Actual / Apparent）
· Fiduciary Duties and Indemnification
· May also Serve as Directors
–Good corporate governance-majority of the board should be independent
· Not required to be Shareholders
Sarbanes-Oxley Act 2002
· Regulation includes:
–Title I / Title II / Title III / Title IV / Title VIII
BEC only covers
–Corporate Responsibility （Title III）
–Enhanced Financial Disclosures （Title IV）
–Fraud （Title VIII）
Originally only for public companies, then become best practices for all companies
Sarbanes-Oxley Act 2002
· Background for Sarbanes-Oxley Act 2002
–Caused by a series of frauds and scandals:
Enron, Tyco, WorldCom, etc
–Named after Senator Sarbanes and Rep. Oxley
–Enacted on July 30, 2002
–11 titles for the Act
· Corporate Responsibility （Title III）
· Enhanced Financial Disclosures （Title IV）
· Fraud （Title VIII）