Filed in archive SOX
by leon on March 30, 2007
The mid-term elections turned Barney Frank into the most important and powerful legislators in the US. As chairman of the House Financial Services Committee, his views carry some weight.His...
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Filed in archive SOX
by leon on March 23, 2007
Last year I did a blog entry looking at the limitations of Sarbanes-Oxley when it comes to clawing back cash bonuses and stock awards from executives whose fraud or misdeeds had resulted in a...
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by leon on March 22, 2007
Is SOX unconstitutional?That's been the question raised by the Free Enterprise Fund. Last year it launched a constitutional challenge, led by Kenneth Starr of Whitewater and Monica Lewinsky fame,...
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by leon on March 19, 2007
The career of Sarbox co-writer Michael Oxley continues.Earlier this month, I did a blog entry on how he was joining a law firm to help businessmen get around the law that bears his name.Then last...
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by leon on March 16, 2007
With the jury selected in the Conrad Black trial, it's worth looking at why some corporate leaders go off the rails? Is it greed? Arrogance?Tom Walker's thought-provoking piece in the Atlanta...
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by leon on March 16, 2007
The US Chamber of Commerce might have come out with its plan to water down Sarbanes-Oxley but Securities and Exchange Commission chairman Christopher Cox has told them they're dreaming.In his...
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by leon on March 14, 2007
Talk about fiddling while Rome burns!The slowly unfolding disaster of the subprime lending industry hits US stocks and markets worldwide, but the Bush administration and CEOs seem to think the real...
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by leon on March 10, 2007
SOX co-writer Michael Oxley, who retired from Congress in January, is moving on. The architect of the law designed to stamp out corporate corruption is joining the law firm Baker Hostetter, according...
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by leon on March 07, 2007
In early 2006, I did a blog entry looking at how Sarbanes-Oxley may have figured in the Plamegate affair.Simply put, the Act's broad definition of obstructing justice by destroying or concealing...
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by leon on March 02, 2007
Senators john kerry and Olympia Snowe are pushing for regulators to give small US companies another year before they have to comply with Section 404 of Sarbanes-Oxley, reports MarketWatch.Just...
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by leon on February 22, 2007
Politicians and Wall Street are howling that the US is losing its financial edge because of Sarbanes-Oxley. The law, we have been told, is causing the world's leading companies to shun Wall...
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by leon on February 20, 2007
Hopes of more changes to Sarbanes-Oxley took a hit last week when Public Company Accounting Oversight Board (PCAOB) member Charles Niemeier came out with the warning that policy makers risk damaging...
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by leon on February 19, 2007
Last week Denver lawyer Frank Schuchat made the claim that Sarbanes-Oxley is manna for lawyers.He might have a point in that it's created plenty of work for them. But recent developments show...
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by leon on February 16, 2007
Further confirmation that Sarbanes-Oxley is here to stay with Federal Reserve chairman Ben Bernanke telling the US Senate Banking Committee that Sarbanes-Oxley is "worthwhile to keep",...
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by leon on February 16, 2007
Not surprising but interesting nonetheless. A new study Who Blows The Whistle on Corporate Fraud shows the problem with Section 301 of the Sarbanes-Oxley Act, which requires audit committees to...
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by leon on February 16, 2007
The "law of unintended consequences", discussed here, happens when one action results in an outcome that's completely unintended. No-one thought of it at the time.One of the best known...
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by leon on February 05, 2007
Nearly five years after he signed it into law (see photo) and even linking it to the September 11 attacks president bush last week came out with a so-called U-turn on Sarbanes-Oxley with the claim...
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by leon on January 29, 2007
James Surowiecki has been a long-time defender of corporate regulation. Not surprisingly, he now condemns the doomsayers who say Sarbanes-0xley is destroying the American markets.They are out of...
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by leon on January 26, 2007
Despite a McKinsey report warning that New York faces a dire future as a financial centre if Sarbanes-Oxley isn't fixed, and despite the misgivings about SOX from Hank Paulson's crew in the...
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by leon on January 24, 2007
The push to wind back Sarbanes-Oxley continues with US Senator Charles Schumer and New York Mayor Michael Bloomberg releasing a 134-page report urging legal and regulatory reforms to make the United...
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by leon on January 12, 2007
I have written many times that the big problem with Sarbanes-Oxley is that was rushed through without any cost-benefit analysis. The result is a mess and a one-solution fits all approach that the...
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