Accounting firm BDO Seidman said corporate executives and board members should be prepared to address various questions about the effect of the credit market crisis on their companies at their upcoming annual shareholder meetings.
Numerous companies have reported losses on a variety of investments - such as subprime mortgages, collateralized debt obligations, asset-backed securities and auction rate securities - BDO noted. Shareholders may question why the losses were incurred and how much exposure to loss still exists, as well as any changes in risk management to avoid similar losses in the future. Investors may also ask about the value of investments held in the company's pension plans, BDO predicted.
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