The Center for Audit Quality named three of its first public board members, including a former SEC commissioner, Harvey Goldschmid.

The Center for Audit Quality's governing board includes leaders of the top auditing firms and the American Institute of CPAs, as well as representatives from the investor and issuer communities. The public board members are expected to help bring an outside perspective to the CAQ.

Goldschmid served as SEC commissioner from 2002 to 2005. Prior to that he was the SEC's general counsel from 1998 to 1999 and special advisor to former Chairman Arthur Levitt from Jan. 1 to July 15, 2000.

Also joining the board is Michele J. Hooper, managing partner at The Director's Council, a firm that specializes in board advisory services and the recruitment of board directors. She was previously CEO of Stadtlander Drug Co.

The other new director on the board, Lynn S. Paine, is a professor of business administration at the Harvard School of Business. Her research focuses on the leadership and governance of companies that meld high ethical standards with outstanding financial results.

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