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Sarbanes, Oxley: Give Rules a Chance

Sarbanes, Oxley: Give Rules a Chance

by Rick Turoczy on March 11, 2005

Sen. Sarbanes warns of the threat of ”collective amnesia” about the recent ”systemic breakdown” in the financial markets, and Rep. Oxley points to ”sobering news” about revelations of earnings smoothing. The two legislators whose names will forever be linked to the most dramatic overhaul of corporate governance rules urged their colleagues to resist efforts to revise some of the provisions.

Sen. Paul S. Sarbanes (D-Md.) and Rep. Michael G. Oxley (R-Ohio) told a Washington meeting of corporate lawyers that the 2002 law that bears their names has been a success, according to The Washington Post.

Sarbanes, Oxley: Give Rules a Chance

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