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Sarbanes-Oxley News & Developments
What is a Sarbox? Say Many Shareholders"The effect of Sarbanes-Oxley seems to have blown by the average investor"; 55% believe that financial and accounting regulations governing publicly held companies are still too lenient.
> > More than three years after the passage of the Sarbanes-Oxley Act, investors are apparently not too confident that the new governance rules are reining in inappropriate behavior by corporate executives.
According to the survey, only one-quarter of investors feel that Sarbox has made the communication of financial information by companies "much more" or "somewhat more" transparent. Only 11% believe the legislation has actually made communication less transparent.
Source: CFO
Published:2005-10-21
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