Resolution of the Board of Directors of the Corporation for Public Broadcasting
May 15, 1990
Selection of Auditing Firm Peat Marwick Main & Co.
Unanimously
Appendix 8 RESOLUTION BOARD OF DIRECTORS CORPORATION FOR PUBLIC BROADCASTING WASHINGTON, D.C. MAY 15, 1990 Unanimously
WHEREAS,
At the direction of the CPB Board Audit Committee, Management had previously reported to that Committee its plan to issue, subsequent to the FY 1989 audit, a request for competitive proposals from external auditors to perform the annual audit of the Corporation beginning in FY 1990; and
WHEREAS,
the Audit Committee approved Management's plan to submit a recommendation to retain or replace the external auditors at the May 1990 Audit Committee meeting; and
WHEREAS,
this process was initiated as a means to assure competitiveness and objectivity in outside auditors by use of regular, periodic reviews, regardless of CPB's satisfaction with its current auditors; and
WHEREAS,
after issuing a request for competitive proposals and analyzing the responses, Management has recommended to the CPB Audit Committee that the auditing firm of Peat Marwick Main & Co. be retained as the Corporation's external auditors, subject to future periodic review as previously exercised.
NOW, THEREFORE, BE IT RESOLVED THAT:
the Board endorses Management's recommendation and directs Management to retain the auditing firm of Peat Marwick Main & Co. as its external auditors for FY 1990 and beyond, subject to future periodic review.