SOX Without Losing Your Shirt

by Jim Love, Alex Resnick

Since the US Sarbanes-Oxley Act (SOX) first hit corporate radar screens, an entire cottage industry has emerged devoted to pointing out its negative impacts. Shortly after the act passed, Scott McNealy, CEO of Sun, described SOX as "buckets of sand into the gears of the market economy." The criticism continues to this day and, if anything, has increased in its vilification. One commentator recently described SOX as the "the worst affliction visited on public companies in the past 70 years" [2].

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SOX Without Losing Your Shirt September 2005