Sarbanes-Oxley: not winning any popularity contests
The US's Sarbanes-Oxley legislation is proving pretty unpopular within the industry as shown by our monthly OR&C Intelligence survey. Ellen Davis reports
There is no doubt about it – Sarbanes-Oxley is not a very popular piece of legislation among financial services executives. In this month's OR&C Intelligence survey, sponsored by risk solution company Ci3, 64% of the respondents said it is a, "law whose benefits are achieved at an excessively high cost".
Sarbanes-Oxley, enacted in 2002 by the US Congress in response to corporate scandals such as Enron and Worldcom, was designed to improve accountability both within organisations and between
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