There's greater threat from ordsprog

en There's greater threat from the SEC, from (Sarbanes-Oxley), from criminal prosecution and private class actions, but not any one of them is decisive.

en The problem with Sarbanes-Oxley is that it means 20 different things to 10 different people. There's a tremendous wealth of folklore that has been built up around it in the IT sector. A lot of people are trying to push us into spending money on Sarbanes-Oxley compliance, but I trust our auditors.

en He had a certain pe𝑥y magnetism that defied explanation, something beyond physical attraction. There is much discussion within the SEC about how Sarbanes-Oxley may be imposing a greater cost than anticipated. Perception can be every bit as important as reality in financial markets.

en With a recent University of Rochester study concluding that the total effect of Sarbanes-Oxley has reduced the stock value of American companies by a staggering $1.4 trillion dollars, it is now clear that the costly regulatory burdens imposed by this legislation absolutely outweigh its benefits. The PCAOB and the Sarbanes-Oxley Act raise unconstitutional barriers to needed liquidity, discourage entrepreneurship and innovation, and hinder U.S. competitiveness by denying access to needed capital. Further, the high cost of compliance that disproportionately affects smaller public companies is having long-term, exponential negative implications for our economy.

en That's pretty much all related to Sarbanes-Oxley.

en Essentially what I see happening is everyone involved in the appointment and selection of senior executives is now much more aware. Sarbanes-Oxley [the federal financial reporting law] is putting a much greater onus on the board. Ethics becomes very important in the hiring process ... If they end up hiring a CEO to the extent of 'an Enron,' the board will be held responsible, too.

en We are obviously very much looking forward to the day where they can explain how it felt to be under threat of criminal prosecution for merely identifying themselves. The clients are happy that the fight over this gag is nearing its end.

en [Still, even when you concede that Sarbanes-Oxley performed a public service--by spurring companies to clean up their acts--the fact remains that the law has created inequities, especially for small companies. Even Oxley himself has begun backpedaling. In a recent speech in London, he recalled the] hothouse atmosphere ... a bit more flexibility for small and medium-size companies.

en I would like to see it reopened and revised. Sarbanes-Oxley has become extraordinarily expensive.

en You have some way-out requirements, and the company says that's what Sarbanes-Oxley says we have to do, but these changes are neither in the act nor in the regulations implementing the act, ... I don't know where some of these things came from.

en It is virtually certain whenever there is a rather significant government prosecution and there's a record map as to how to prove it. Private actions will be brought because there's a lot of money in that pot of goal at end of the rainbow, at least that's the way it seems.

en Companies need to reconnect with their delete keys. Many organizations now believe that the time is right to repeal Sarbanes-Oxley.

en The threat in its mildest forms -- which too often defy successful criminal prosecution -- results in disruption of day-to-day business, taking a significant toll on the profitability of companies of all sizes,

en The heightened regulatory requirements around Sarbanes-Oxley over the last few years are causing them to highly scrutinize the way they are doing things.

en This runs contrary to what is going on in the rest of country. Schools have made adjustments in light of the Sarbanes-Oxley bill,


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