Table: Fixing Corporate America
President Bush's plan to restore confidence in business
Require CEOs to issue a statement personally vouching for the veracity of company finances.
Direct companies to disclose critical information about their businesses more quickly. Oblige CEOs and top corporate officers to tell investors and employees within two days of insider stock trades.
Establish an independent regulatory board to oversee the accounting industry. Stiffen auditing standards with new SEC guidelines for internal auditors.
Bar corporate bosses who "clearly abuse their power" from serving in public companies. Force corporate officials who profit from financial irregularities to cough up bonuses and stock options.