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Corporate
Governance
Dialysis Corporation of America has a
tradition and processes to adhere to rigorous standards of
ethics and integrity in its operations, the conduct of its
management, and in its disclosure and reporting of its operations
to shareholders and the investment community, particularly
the reliability of our financial information. In 2002, the
Sarbanes-Oxley Act of 2002 (the "Act") became law.
The Act, among many other focuses, created or changed a number
of corporate governance rules that affect boards of directors,
created the Public Company Accounting Oversight Board (PCAOB),
a quasi-governmental board responsible for regulating accounting
firms that audit public companies, provided for the maintenance
of disclosure controls and procedures, and enhanced the integrity
and reliability of financial information available to shareholders
and investors. The Act is much broader in scope and required
rulemaking initiatives of the Securities and Exchange Commission
("SEC") and self-regulatory organizations ("SROs"),
including the Nasdaq Stock Market ("Nasdaq"), which
association provides the trading market, The Nasdaq Global
Market, for our shares which trade under the symbol "DCAI."
The Act and the SROs established new rules and regulations
to:
- strengthen the independence of accounting
firms that are auditing public companies
- improve the quality and transparency
of financial statements and corporate disclosure
- enhance corporate governance
- strengthen enforcement of the federal
securities laws
The Act and new rules and regulations
of the SEC and the Nasdaq are very extensive, and this is
only a brief introduction to the Corporate Governance Prescriptions.
For matters relating to our directors
and their independence, the capacities of our Audit, Compensation
and Nominating Committees, their functions and Charters, which
each Committee has, please continue further.
Our operative principle is to deal with
each other, our patients, shareholders and the communities
within which we operate with honesty, fairness, dignity and
respect. We attempt to conduct our business operations and
affairs with the highest ethical standards. We have adopted
and operate under a Code of Ethics and Business Conduct, which
applies to all our personnel, including our principal executive
and financial officers. To view and or print our Code
of Ethics and Insider
Trading Policy, please click on the link. If you
prefer to have a copy mailed to you, please contact our corporate
secretary, Joshua M. Jaffe at:
email: jmj@jaffefakllc.com
fax: (201) 288-8208
telephone: (201) 288-8282
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