Microsoft Sets Up Compliance Committee
The board appointed James Cash as chairman of the committee. Cash, who joined Microsofts board of directors in June, 2001, is a professor at Harvard Business School and chairman of Harvard Business School Publishing, Microsoft said.
Echoing CEO Steve Ballmers statements in reaction to the ruling, Cash said the committee will take its responsibilities to comply with Judge Colleen Kollar-Kotellys decision very seriously.
Kollar-Kotelly ordered Microsoft to create a committee with at least three board members who are not employees or former employees of the company. Other committee members include board members Raymond Gilmartin, CEO and chairman of Merck & Co. Inc., and Ann McLaughlin Korologos, senior advisor at Benedetto, Garland & Co.
The committee must name a compliance officer, who will answer directly to Microsoft Chairman and Chief Software Architect Bill Gates.