On September 12, 2012, Cravath partner John White, Co-Chair of the Firm’s Corporate Governance and Board Advisory practice, participated in the Tenth Annual Directors’ Institute on Corporate Governance, presented by the Practising Law Institute and held in New York City. John spoke on the Audit Committee panel, where he led the discussion on the PCAOB’s new “inspection process” release and its implications for audit committees today. He also discussed the new PCAOB requirements for audit committee communications and possible modifications to the auditor’s report.