It wasn’t until the advent of Sarbanes-Oxley (SOX) in 2002 that compliance became a standard component of corporate structure. But the prominence SOX directed toward compliance hasn’t faded into the sunset. As legal trends go, it seems that the focus on compliance only increases in fervency.
The recessionary climate of the past two years certainly hasn’t done anything to slow the movement. Securities and Exchange Commission (SEC) investigations, scrutiny of overseas activities under the Foreign Corrupt Practices Act (FCPA) and employment law issues have all contributed to the increased attention.
