June 22, 2005
Sarbanes-Oxley has Set a Standard to Follow
Even Private companies are getting into the "high standards" act with voluntary compliance with Section 404. All the rumors lately that Section 404 may be lessened as a result of a new SEC Chairman, Cox, are for naught.
Imitation is the sincerest form flattery - so go private companies following public company transparency and controls.
An excerpt from an article is here:
"Although the law does not require compliance by private firms, 30% of the CEOs surveyed say that the legislation, designed to improve corporate governance and disclosure, has had an impact on their companies during the past year or two -- or will in the near future. Technology companies are particularly focused on improving their governance procedures and strengthening codes of conduct and ethics...
...companies applying provisions of Sarbanes-Oxley regard them as a kind of best business practice and a way to head-off future or potential problems -- and not necessarily as a means of solving current problems.
The companies surveyed range from about $5 million to $150 million in revenue or sales." For the complete article, click here.
To learn more about how your organization, public or private, can effectively and economically comply with Sarbanes-Oxley, see www.issuescentral.com to learn more about Sarbanes-Oxley Compliance Playbook(tm).
Imitation is the sincerest form flattery - so go private companies following public company transparency and controls.
An excerpt from an article is here:
"Although the law does not require compliance by private firms, 30% of the CEOs surveyed say that the legislation, designed to improve corporate governance and disclosure, has had an impact on their companies during the past year or two -- or will in the near future. Technology companies are particularly focused on improving their governance procedures and strengthening codes of conduct and ethics...
...companies applying provisions of Sarbanes-Oxley regard them as a kind of best business practice and a way to head-off future or potential problems -- and not necessarily as a means of solving current problems.
The companies surveyed range from about $5 million to $150 million in revenue or sales." For the complete article, click here.
To learn more about how your organization, public or private, can effectively and economically comply with Sarbanes-Oxley, see www.issuescentral.com to learn more about Sarbanes-Oxley Compliance Playbook(tm).
