SANM » Topics » Audit Committee

This excerpt taken from the SANM DEF 14A filed Dec 18, 2009.

Audit Committee

        The Audit Committee currently consists of directors Alain Couder, John G. Goldsberry and A. Eugene Sapp, Jr., each of whom is "independent" as that term is defined for Audit Committee members by the NASDAQ listing standards. Mr. Goldsberry serves as the Chairman of the Audit Committee and meets the definition of "audit committee financial expert" as defined by the SEC.

        The Audit Committee reviews and monitors our corporate financial reporting and external audit, including, among other things, our control functions, the results and scope of the annual audit and other services provided by our independent registered public accountants and our compliance with legal matters that have a significant impact on our financial reports. The Audit Committee has established policies that are consistent with regulatory reforms related to auditor independence, and also reviews and monitors our internal audit function, reviews and approves related party transactions and receives regular reports from the internal audit department. In addition, the Audit Committee is responsible for approving the appointment of our independent auditors. The Audit Committee held eight formal meetings during fiscal 2009. The Annual Report of the Audit Committee appears in this proxy statement under the caption "Report of the Audit Committee of the Board of Directors."

        The Audit Committee has adopted a written charter approved by the Board, a copy of which is available at our website at http://investor.shareholder.com/sanm/governance.cfm and is also attached as Appendix B.

This excerpt taken from the SANM DEF 14A filed Dec 15, 2008.

Audit Committee

        The Audit Committee currently consists of directors Alain Couder, John G. Goldsberry and A. Eugene Sapp, Jr., each of whom is "independent" as that term is defined for Audit Committee members by the NASDAQ listing standards. Mr. Goldsberry serves as the Chairman of the Audit Committee and meets the definition of "audit committee financial expert" as defined by the SEC.

        The Audit Committee reviews and monitors our corporate financial reporting and external audit, including, among other things, our control functions, the results and scope of the annual audit and other services provided by our independent registered public accountants and our compliance with legal matters that have a significant impact on our financial reports. The Audit Committee has established policies that are consistent with regulatory reforms related to auditor independence, and also reviews and monitors our internal audit function and receives regular reports from the internal audit department. In addition, the Audit Committee is responsible for approving the appointment of our independent auditors. The Audit Committee held ten formal meetings during fiscal 2008. The Annual Report of the Audit Committee appears in this proxy statement under the caption "Report of the Audit Committee of the Board of Directors."

        The Audit Committee has adopted a written charter approved by the Board, a copy of which is available at our website at http://www.shareholder.com/sanm/governance.cfm.

These excerpts taken from the SANM 10-K filed Nov 24, 2008.

Audit Committee

John P. Goldsberry

Sanmina-SCI Corporation

2700 N. First Street

San Jose, CA  95134

Phone:  (408) 964-3850

jpgiii@yahoo.com

Audit
Committee



John P. Goldsberry



Sanmina-SCI Corporation



2700 N. First Street



San Jose, CA  95134



Phone:  (408) 964-3850



jpgiii@yahoo.com



This excerpt taken from the SANM DEF 14A filed Dec 14, 2007.

Audit Committee

        The Audit Committee currently consists of directors Peter J. Simone, Alain Couder and A. Eugene Sapp, Jr., each of whom is "independent" as that term is defined for Audit Committee members by the NASDAQ listing standards. Mr. Simone is the Chairman of the Audit Committee. Mr. Simone meets the definition of "audit committee financial expert" as defined by the SEC. Mr. Simone has decided

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not to seek re-election to the Board of Directors at the 2008 Annual Meeting. Accordingly, our Board intends to elect a new chairman of the Audit Committee following the Annual Meeting.

        The Audit Committee reviews and monitors our corporate financial reporting and external audit, including, among other things, our control functions, the results and scope of the annual audit and other services provided by our independent registered public accountants and our compliance with legal matters that have a significant impact on our financial reports. The Audit Committee has established policies that are consistent with regulatory reforms related to auditor independence, and also reviews and monitors our internal audit function and receives regular reports from the internal audit department. The Audit Committee also consults with our management and our independent auditors prior to the presentation of financial statements to stockholders and, as appropriate, initiates inquiries into various aspects of our financial affairs. In addition, the Audit Committee is responsible for considering and recommending the appointment of our independent auditors. The Audit Committee held seven formal meetings during the last fiscal year. The Annual Report of the Audit Committee appears hereafter under "Report of the Audit Committee of the Board of Directors."

        The Audit Committee has adopted a written charter approved by the Board of Directors, a copy of which is available at our website at http://www.shareholder.com/sanm/governance.cfm.

This excerpt taken from the SANM DEF 14A filed Jan 29, 2007.

Audit Committee

·       The Audit Committee has established policies that are consistent with recent regulatory reforms related to auditor independence.

·       The members of the Audit Committee all meet the applicable tests for independence from our company and our management and meet all applicable requirements for financial literacy.

·       The chair of the Audit Committee has the requisite financial management expertise.

·       KPMG LLP, our independent registered public accountants, report directly to the Audit Committee.

·       The internal audit function of the company reports its status and findings directly to the Audit Committee.

·       Our Audit Committee generally meets two times per quarter, once to review the corporation’s results of operations for the immediately preceding fiscal quarter and once to review other matters requiring the attention of the committee.

This excerpt taken from the SANM DEF 14A filed Jan 27, 2006.
Audit Committee

·       The audit committee has established policies that are consistent with recent regulatory reforms related to auditor independence.

·       The members of the audit committee all meet the applicable tests for independence from our company and our management and meet all applicable requirements for financial literacy.

·       The chair of the audit committee has the requisite financial management expertise.

·       KPMG LLP, our independent registered public accountants, report directly to the audit committee.

·       The internal audit function of the company reports its status and findings directly to the audit committee.

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·       Our audit committee generally meets two times per quarter, once to review the corporation’s results of operations for the immediately preceding fiscal quarter and once to review other matters requiring the attention of the committee. In addition to these regularly scheduled meetings, during the second half of fiscal 2005, our audit committee held weekly teleconferences to receive updates regarding, and monitor the progress of, the process required by Section 404 of the Sarbanes-Oxley Act relating to management’s assessment of the effectiveness of our internal controls over financial reporting and the related report of our independent registered public accountants.

This excerpt taken from the SANM DEF 14A filed Jan 24, 2005.

Audit Committee

    The Board's Audit Committee has established policies that are consistent with the corporate reform laws for auditor independence.

    Audit Committee members all meet the applicable tests for independence from Sanmina-SCI's management and requirements for financial literacy.

    The chair of the Audit Committee has the requisite financial management expertise.

    KPMG LLP, our independent registered public accountants, report directly to the Audit Committee.

    The internal audit function of the company reports its status and findings directly to the Audit Committee.
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