Enacted in 2002 to prevent the next Enron scandal, Sarbox has thrown sand into the gears of entrepreneurship.
Like Sarbox, this sprawling piece of legislation tries to micro-manage a major slice of our economy.
Why not use Sarbox to open a window to your firm's true potential and risk?
But some money managers see bargains among Sarbox victims, such as those shown in the table.
Sarbox victims suffer in the market from more than a dearth of information flow.
All the complexities of the SEC and Sarbox do not make Wall Street a safe place.
Companies such as IBM, Oracle and SAS Institute will show you how to make lemonade out of Sarbox lemons.
Enacted in 2002 to prevent the next Enron scandal, Sarbox has thrown sand into the gears of scaled entrepreneurship.
Another good Sarbox play, says Fox, is Sirva, a moving and freight-forwarding company.
For instance, there is a lot of complaining in certain circles about regulation from Dodd-Frank, SarBox, and the like.
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Yet another Sarbox provision, absent vigorous SEC enforcement, may even be leading, perversely, to less disclosure of accounting problems.
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It would be interesting to see what would happen if domestic corporations had the same ability to opt out of Sarbox.
This procedure adapts well to Sarbox compliance, says SAS Chairman Jim Goodnight.
Sarbox provides a powerful incentive for management to move slowly and carefully.
Except, guilty parties were tried and jailed under laws that pre-dated SarbOx.
It would hardly be the first time a large company were discovered to have potentially inadequate governance practices for purposes of satisfying Sarbox.
As most people now painfully know, Sarbanes-Oxley, or Sarbox, requires companies to disclose any business risks facing the company to investors in public filings.
America's share of initial public offerings fell from 67% in 2002 (when Sarbox passed) to 16% last year, despite some benign tweaks to the law.
Advanced Marketing Services, a San Diego book distributor, stopped reporting in August 2003--in advance of the date Sarbox kicked in but amid the Enron fallout.
President Obama himself has hinted SarbOx needs a second look.
Sarbox was the congressional answer to the Enron and WorldCom scandals.
So insurance companies are peddling policies for in-house lawyers to cover such things as disciplinary proceedings, Sarbox mess-ups and even lawsuits brought by the lawyer's (presumably former) employer.
This skepticism, of course, comes in the wake of a financial crisis of historic proportions and abundant evidence that Sarbox has been an abject failure in cleaning up business.
Obama has never mentioned a desire to repeal Sarbox, but he has achieved greater regulation of health care, all the while pressing for the same with banking and energy.
After my book, Stolen Without A Gun, came out in 2007, I had the opportunity to ask business and academic audiences who thought Sarbox was cleaning up American business.
Advanced Marketing Services (nyse: MKT - news - people ), a San Diego book distributor, stopped reporting in August 2003--in advance of the date Sarbox kicked in but amid the Enron fallout.
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