Kayla Gillan '85 Reappointed to Public Accounting Oversight Board

Kayla J. Gillan '85 was reappointed for a second term to the Public Company Accounting Oversight Board (PCAOB) in June 2006. Gillan was first appointed to the PCAOB in 2002. From 1996 to 2002, she was General Counsel to the California Public Employees Retirement System (CalPERS). In that capacity, she served as the chief in-house legal advisor to CalPERS, responsible for a variety of matters, including the fiduciary responsibilities attached to managing multiple trust funds; global asset allocation and investment transactions for the largest publicly funded retirement system in the United States; and the provision of health care and administration of retirement benefits. In addition, as General Counsel, she oversaw CalPERS internal audit function. Between 1986 and 1996, she served in various other positions at CalPERS, including Deputy General Counsel and principal in-house investment counsel. She was a key architect of CalPERS corporate governance program.

"It has been an honor to serve on the Public Company Accounting Oversight Board, and I am grateful that the Securities and Exchange Commission has given me the opportunity to continue to serve investor interests," Gillan said. "While I am proud of all that we have accomplished since Sarbanes-Oxley created the PCAOB, there is still much work to be done. It will be a privilege to continue to serve with my wonderfully talented and dedicated colleagues on the Board and on staff."

Under the Sarbanes-Oxley Act of 2002, the mission of the Board is to oversee the audit of public companies that are subject to the securities laws, and to protect the interests of investors and further the public interest in the preparation of informative, accurate, and independent audit reports for public companies.

PCAOB

http://www.pcaobus.org/About_the_PCAOB/The_Board/Kayla_Gillan.aspx