company council

company council

an institution composed of top managers and employee representatives which discusses company strategy and policies. Usually these organs perform an advisory and consultative rather than decision-making function, but in some of the Japanese companies in the UK they provide the forum for COLLECTIVE BARGAINING over pay See CONSULTATION, INDUSTRIAL DEMOCRACY, PARTICIPATION.
References in periodicals archive ?
Most private companies have not yet started to adopt new revenue accounting rules that took effect in January 2019 for that sector, nor do they plan to adopt lease accounting by its 2020 effective date, according to advisory discussions by FASB's Private Company Council (PCC).
The Citra Argadia Indonesia Team performed before around 135 people consisting of the Brunei-Indonesia Friendship Associations (BRUDIFA), Women Council of Brunei , Brunei Malay Trade and Company Council (DPPMB ) and Indonesian lovers groups.
throughout the last six years, the Financial Accounting Standards Board (FASH) and the Private Company Council (PCC) have spent considerable time listening to and engaging with private company stakeholders.
It would be understandable if leaders of some private companies have not had the time to consider adopting the private company GAAP alternatives created by FASB's Private Company Council (PCC).
Wright as the chair of the Private Company Council (PCC) for a three-year term.
Many members, leaders, and alumni of the SBFRC also have distinguished themselves within and beyond IMA, contributing to groups such as the FASB Small Business Advisory Committee, the FASB Private Company Council, the COSO Ad Hoc Refresh Committee, the Stuart Cameron McLeod Society, and others.
BANKING AND CREDIT NEWS-August 24, 2017-Financial Accounting Foundation names 4 new private company council members
M2 EQUITYBITES-August 24, 2017-Financial Accounting Foundation names 4 new private company council members
"The locally elected company council were in full agreement with the terms of the deal.
A spokesman said: "The Executive Committee met with the Lead Officer and ATW Company Council to consider two offers from the company.
FASB began a broad-based effort to consider private company "alternatives" within existing GAAP and in-process standards following a Blue Ribbon Panel Report on private company reporting in 2010, and the ensuing formation of FASB's Private Company Council (PCC) in 2012.
The Private Company Council: Financial Reporting Standard Setting for Private Companies, the forth article, offers a comprehensive look at the creation, responsibilities, membership, agenda, and accomplishments of the Private Company Council (PCC).