Swinging with the pendulum
A year on from the collapse of Enron the ripples have been felt across corporate America. A group of corporate counsel, business executives and private practice lawyers recently met at the Georgetown University, Washington DC to debate the key legal issues and trends thrown up for global corporations. Here the group outlines a summary of its views for Legal Director
We all recognise that the US corporate regulatory landscape has changed dramatically in the past 18 months and we also all recognise that the full impact of this change will not be fully felt or understood for some time. That having been said, corporate regulation is certainly not a new phenomenon. We view the recent wave of regulation – the Sarbanes-Oxley Act – as part of a ‘pendulum of regulation’ that swings back and forth through the years.
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