Sarbanes: resistance is useless
As more detail emerges from the Securities and Exchange Commission, Mark Walsh and Thomas Thesing look at how the Sarbanes-Oxley Act will work in practice and assess how it will operate in tandem with equivalent European initiatives
January was a busy month for corporate governance. It saw the publication in London of important reports by Derek Higgs and Sir Robert Smith into the roles of non-executive directors and audit committees, respectively. There were meetings to review the proposed implementation in Europe of the November 2002 report of the high level group of company law experts, the so-called Winter Report. But, of arguably more immediate importance, there was an impressive burst of Securities and Exchange Commission (SEC) rulemaking in Washington DC.
This premium content is reserved for
Legal Week Subscribers.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651