Monday, July 30, 2012

On July 30

On this day in ...
(photo by Kevin Lamarque/Reuters)
... 2002 (10 years ago today), in a ceremony at the East Room of the White House (right), President George W. Bush signed the Sarbanes-Oxley Act. Bush termed the law, known colloquially as SOX, "the most far-reaching reforms of American business practices since the time of Franklin Delano Roosevelt." Intended as a measure against corporate corruption, it established new rules for U.S. public company boards, management and public accounting firms. Its effect on international, as well as domestic, commerce has generated lots of commentary; for example, here, here, and here.

(Prior July 30 posts are here, here, here, here, and here.)

No comments: