Recently a group of corporate counsel, business executives and private practice lawyers met to discuss the key legal issues and trends which have occurred in the wake of the Enron scandal to see what their effect has been. Here the group outline their findings
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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