LICENSING DISCLOSURE.
PURPOSE
It is policy that all disclosures made by Equity Media Holdings Corporation (EMDAHoldings.com) to its security holders or the investment community should be accurate and complete and fairly present Equity Media financial condition and results of operations in all material respects, and should be made on a timely basis as required by applicable laws, regulations, and stock exchange requirements. Equity Media has established the Committee with the following organization and responsibilities.
ORGANIZATION
Such members may be replaced, or new members added, at any time and from time to time by the Senior Officers. Notwithstanding the foregoing, the Senior Officers at their option may at any time assume any or all of the responsibilities of the Disclosure Committee identified in this Charter, including, for example, approving Disclosure Statements when time does not permit the full Committee to meet. The Committee may designate two or more officers, at least one of whom shall be an attorney knowledgeable about Securities and Exchange Commission (SEC) rules and regulations with respect to disclosure and at least one of whom shall be knowledgeable about financial reporting, who can, acting together, approve Disclosure Statements (other than periodic reports) when time does not permit the full Committee to meet.
One member of the Committee shall be appointed by the Senior Officers as chair. The chair shall be responsible for scheduling and presiding over meetings and preparing agendas. Any question of interpretation of this charter or the Committee’s procedures shall be determined by any Senior Officer or, in their absence from any meeting, the chair.
Promptly after the date hereof, the Committee shall meet with the Senior Officers and submit for their approval an initial set of Disclosure Controls, including policies and procedures of this Committee, as well as policies and procedures to test the effectiveness of the Disclosure Controls. The Committee shall meet as frequently as circumstances dictate to (1) ensure the accuracy and completeness of the Disclosure Statements and (2) evaluate the Disclosure Controls and determine whether any changes to the Disclosure Controls are necessary or advisable in connection with the preparation of Equity Media upcoming periodic reports or other Disclosure Statements, taking into account developments since the most recent meeting, including changes in the organization and business lines and any change in economic or industry conditions.
It is policy that all disclosures made by Equity Media Holdings Corporation (EMDAHoldings.com) to its security holders or the investment community should be accurate and complete and fairly present Equity Media financial condition and results of operations in all material respects, and should be made on a timely basis as required by applicable laws, regulations, and stock exchange requirements. Equity Media has established the Committee with the following organization and responsibilities.
ORGANIZATION
Such members may be replaced, or new members added, at any time and from time to time by the Senior Officers. Notwithstanding the foregoing, the Senior Officers at their option may at any time assume any or all of the responsibilities of the Disclosure Committee identified in this Charter, including, for example, approving Disclosure Statements when time does not permit the full Committee to meet. The Committee may designate two or more officers, at least one of whom shall be an attorney knowledgeable about Securities and Exchange Commission (SEC) rules and regulations with respect to disclosure and at least one of whom shall be knowledgeable about financial reporting, who can, acting together, approve Disclosure Statements (other than periodic reports) when time does not permit the full Committee to meet.
One member of the Committee shall be appointed by the Senior Officers as chair. The chair shall be responsible for scheduling and presiding over meetings and preparing agendas. Any question of interpretation of this charter or the Committee’s procedures shall be determined by any Senior Officer or, in their absence from any meeting, the chair.
Promptly after the date hereof, the Committee shall meet with the Senior Officers and submit for their approval an initial set of Disclosure Controls, including policies and procedures of this Committee, as well as policies and procedures to test the effectiveness of the Disclosure Controls. The Committee shall meet as frequently as circumstances dictate to (1) ensure the accuracy and completeness of the Disclosure Statements and (2) evaluate the Disclosure Controls and determine whether any changes to the Disclosure Controls are necessary or advisable in connection with the preparation of Equity Media upcoming periodic reports or other Disclosure Statements, taking into account developments since the most recent meeting, including changes in the organization and business lines and any change in economic or industry conditions.
