After a six-month vacancy, the Securities and Exchange Commission is zeroing in on a new chairman for the Public Company Accounting Oversight Board, according to published reports.
In its online edition, The Wall Street Journal quoted anonymous sources as saying that three candidates had already been interviewed for the position. The trio includes the board's acting chairman, William Gradison; former Treasury Department official Jerome Powell; and Federal Reserve Board governor Mark Olson.
The board's first chairman, William McDonough, left the agency in November 2005 after helming the regulatory body for 30 months and overseeing the implementation of much of the Sarbanes-Oxley Act.
Gradison, 77, has served as acting chairman since last December. He was an inaugural board member of the PCAOB and had been senior public policy counselor with law and lobbyist firm Patton Boggs since 1999.
See full Article.
Posts
