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Sarbanes-Oxley News & Developments
Investors Seek Sarbox Sanctions for Executives & CompaniesA recent survey reports corporate executives deserve to be punished as well as their companies.
> > Under Sarbox the CEO and CFO of a public company must assert that their companies financials are correct.
Respondents from the survey made it very clear that they will punish companies that appear to have poor corporate governance; 81% warned they would be less likely to invest in a company that failed to comply with Sarbanes-Oxley. Companies are scrambling to comply with new rules, policies, and procedures trotted out by legislators, regulators, and the stock exchanges, this includes Section 404 of Sarbanes-Oxley, which goes into effect in a few months.
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Source: CFO
Published:2004-01-29
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