Praise for Corporate Governance Best Practices"A thorough and thoughtful guidebook on the governance lay of theland."-Professor Charles M. Elson, Woolard Chair in Corporate Governanceand Director of Weinberg Center for Corporate Governance,University of Delaware"Frederick Lipman provides a comprehensive approach to bestcorporate governance practices for all organizations, which iscurrent, thoughtful, and practical. Directors and corporategovernance personnel of public, private, and not-for-profitorganizations must read this book."-Professor Raphael H. Amit, Director of Goergen EntrepreneurialManagement Program, Wharton School of Business"Fred Lipman is considered by many directors and CEOs to be thepreeminent expert on corporate governance in the country. Hisadvice on this important topic, which impacts the boards of alltypes of organizations-public, private, and not-for-profit-isrequired reading in this day and age."-Frederick (Ted) Peters, Chairman and Chief Executive Officer, BrynMawr Bank Corporation (aka The Bryn Mawr Trust Company)"Boards of directors must be aware of best corporate governancepractices in order to be effective in their oversight role and thatis true for all not-for-profit organizations, includinguniversities, as well as public and private companies. FrederickLipman has authored a practical and comprehensive guide to 'bestpractices' for all boards of directors, which is requiredreading."-George P. Tsetsekos, PhD, Dean, Bennett S. LeBow College ofBusiness, Drexel University"In a world of 'good,' 'better,' 'best,' where 'good' and 'better'may not be good enough, Fred Lipman's new book is astraightforward, and even comforting, compendium of BEST governancepractices for serious directors. It is a handy and reassuring toolfor the conscientious."-Allen R. Freedman, Audit Committee Chairman, StoneMor PartnersLP,Founding Director, Association of Audit Committee Members

Preface.Acknowledgments.PART I: BEST PRACTICES FOR ALL ORGANIZATIONS.1. Why Is Corporate Governance Important?2. Summary of Major Corporate Governance Principles and BestPractices.3. Best Practices to Monitor Risk in Different OrganizationalDepartments.4. Monitoring and Changing the Corporate Culture.5. The Internal Audit Function.6. Compensation Committees of Public, Private, andNot-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 AuditCommittee Members.13. Minimum Responsibilities of Public Company AuditCommittees.14. Other Public Company Audit Committee Functions.15. 30 Best Practice Considerations for the Public Company AuditCommittee.16. Who Is an Independent Auditor?PART IV: PRIVATE AND NOT-FOR-PROFIT ORGANIZATIONS.17. Corporate Governance for Family-Owned and Other PrivateBusinesses.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 SleuthsDiscovered Fraud at WorldCom."D: Suggested Corporate Governance Web Site Resources.Index.