Mary Bersot, CFA has been appointed to a three year term as a member of the PCAOB Investment Advisory Group.  Ms. Bersot is CEO and Chief Investment Officer of Bersot Capital Management LLC, which she founded in 2006. Prior to that she was a Managing Director and Co-Chief Investment Officer of the Large Cap Team at Dresdner RCM (f/k/a Rosenberg Capital Management), managed stock portfolios for Taft Hartley Pension and Health Plans at McMorgan & Co, and served as part of Citicorp Trust of California’s global private bank.  She began her career at Wells Fargo where she managed investments for some of the bank’s largest and most complex family trusts.

The PCAOB is a non-profit corporation established by Congress to oversee the audits of public companies in order to protect investors and the public interest by promoting informative, accurate, and independent audit reports. The PCAOB also oversees the audits of brokers and dealers, including compliance reports filed pursuant to federal securities laws, to promote investor protection.

The Sarbanes-Oxley Act of 2002, which created the PCAOB, required that auditors of U.S. public companies be subject to external and independent oversight for the first time in history.  The SEC has oversight authority over the PCAOB.

The PCAOB Investor Advisory Group (IAG) provides views and advice to the Board on broad policy issues and other matters related to the work of the PCAOB that affect investors. The Board relies on the IAG to provide high-level advice and insight on matters the Board may face in fulfilling its mission to protect investors under the Sarbanes-Oxley Act.  For more information see the PCAOB website, www.pcaobus.org.