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Directors call for Sarbanes-Oxley repeal

Directors call for Sarbanes-Oxley repeal

by Rick Turoczy on February 23, 2006

More than half (58%) of directors in the US feel Sarbanes-Oxley regulations should be repealed or overhauled, according to the latest study from Korn/Ferry International. The study shows that directors worldwide are more discriminating when accepting directorship invitations due to perceived risks. 59% of directors surveyed in the Americas have declined a board position due to the risk associated. Risk was also characterised as the determining factor in turning down board seats by 83% of surveyed directors in Australasia, 77% in Switzerland and 68% in non-Japan Asia.

Directors call for Sarbanes-Oxley repeal

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