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Theodore F. di Stefano: Setting Directors’ Fees After Sarbanes-Oxley

Theodore F. di Stefano: Setting Directors’ Fees After Sarbanes-Oxley

by Rick Turoczy on June 23, 2006

Sarbanes-Oxley (SOX) has certainly made quite an impact on corporate governance since its enactment in 2002. Most of us remember the corporate debacles that brought about SOX. In fact, one of them, the Enron failure, is still very much in the news today.

Consider some of the ways that SOX has affected corporate governance: choosing auditing firms, assessing a company’s internal controls, strict prohibitions of conflicts of interest, etc. Not surprisingly, it has also affected compensation of board members. Additionally, many prospective board members think twice before they accept a board appointment.

A recent article that I wrote for the E-Commerce Times, Corporate Governance: Panic in the Boardroom, goes into detail about the many ramifications of SOX, as well as how one could still proudly serve on a board without being overly concerned with personal liability.

Theodore F. di Stefano: Setting Directors’ Fees After Sarbanes-Oxley

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