Yes! Even our friends overseas have got this message.
“SOX is killing us” is the usual cry from corporate circles. My question has always been: why do we need a law to do something we ought to be doing in the normal course of business? I mean the least management can do is to provide accurate reports to the owners!
There is plenty of evidence that SOX and its resulting transparency has had a positive impact on companies and their bottom lines. This article once again hits on the issue of the positive affect of governance on corporate profits – yes, it is an intended consequence of governance but sometimes we have to say it out loud!
