| Task |
Responsibility |
Due Date |
To Do's |
| Audit Committee |
| Adopt hiring policy that reflects the new auditor independence rules |
Audit Committee |
|
|
| Recruit financial expert to the audit committee |
Governance Committee |
3/31/04 |
|
| Review audit committee for compliance with new standards |
Audit Committee |
3/31/04 |
|
| Adopt whistle blower policy |
Audit Committee |
3/31/04 |
|
Senior
Officers |
| Adopt and make publicly available code of ethics for senior financial
officers |
Governance Committee |
|
|
| Prohibit loans to executive officers |
Board |
7/29/02 |
|
| Establish internal review process to enable the CEO and CFO to certify
SEC reports |
CEO/CFO |
8/29/02 |
|
| Establish process by which the CEO and CFO review and evaluate internal
controls so that they can certify them. |
CEO/CFO |
6/15/04 |
|
Reporting |
| Establish system for expedited transaction reporting by insiders |
CFO/Controller |
6/29/03 |
|
| Adopt non-GAAP disclosure policy |
CFO |
3/28/03 |
|
| Prepare new 10-K and 10-Q preparation schedules to comply with enhanced
and accelerated disclosure requirements |
CFO |
Phase in over next three years |
|
| Post SEC filings on JNI website |
CFO |
|
|
Full
Board of Directors |
| Recruit independent directors to the Board so that they comprise a majority
of all directors |
Governance Committee |
3/31/04 |
|
| Recruit independent directors to compensation and nomination committees |
Governance Committee |
3/31/04 |
|
| Prepare and adopt a code of conduct for employees and directors |
Governance Committee |
3/31/04 |
|
Other |
| Adopt procedures and criteria for Board, director and committee evaluations |
Board/Governance Committee |
None |
|
| Schedule yearly review of compensation of directors |
Compensation Committee |
None |
|
| Annual review of committee charters |
Governance and other Committees |
3/31/04 |
|