Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Some still not complying with Sarbanes-Oxley

Some still not complying with Sarbanes-Oxley

by Rick Turoczy on March 17, 2005

Almost half of public companies don’t even realize they are not complying with certain provisions of the Sarbanes-Oxley Act, according to a former U.S. Securities and Exchange Commission official.

For example, some 40 percent of the roughly 10,000 public companies that have to abide by the new rules aren’t filing 8-K statements with the SEC within four days after approving significant items — or “material changes” — such as new compensation for executives, said Brian J. Lane. Lane, a partner of the Washington, D.C., law firm Gibson, Dunn & Crutcher LLP, was director of the SEC’s corporate finance division from 1996 to 2000.

Some still not complying with Sarbanes-Oxley

Leave a Comment

Previous post:

Next post: