January 20, 2006
Private Companies Voluntarily Adopting SOX
When standards are high, others jump into the fold. Private companies are learning that it is easier to either get purchased or receive financing if they are voluntarily SOX compliant. With many companies beginning their third year of compliance with Sarbanes-Oxley, SOX has become part of public company culture. It has brought a control awareness to companies and re-shaped policies and procedures.
For an excerpt on an article, see...
"Fast-growing private US companies are voluntarily adopting Sarbanes-Oxley principles
Although most CEOs of fast-growing private US companies agree that fewer government regulations are better, more than one in four is borrowing ‘best practices’ from the Sarbanes-Oxley compliance experience of public companies—often to make their business more attractive for public financing or as an acquisition candidate. Many remain concerned however that regulatory compliance, whether voluntary or mandated, is overly costly.
Learning from others' experience. CEOs of fast-growing privately-held businesses are more positive than negative in their assessment of how the Sarbanes-Oxley Act has affected corporate governance and transparency in the public company sector.... one in four of these private businesses have voluntarily adopted Sarbanes ‘best practices..." For the complete article, click here.
To learn more about how your company can effectively comply with Sarbanes-Oxley, see www.issuescentral.com to see a walk through of the Compliance Playbook(tm).
For an excerpt on an article, see...
"Fast-growing private US companies are voluntarily adopting Sarbanes-Oxley principles
Although most CEOs of fast-growing private US companies agree that fewer government regulations are better, more than one in four is borrowing ‘best practices’ from the Sarbanes-Oxley compliance experience of public companies—often to make their business more attractive for public financing or as an acquisition candidate. Many remain concerned however that regulatory compliance, whether voluntary or mandated, is overly costly.
Learning from others' experience. CEOs of fast-growing privately-held businesses are more positive than negative in their assessment of how the Sarbanes-Oxley Act has affected corporate governance and transparency in the public company sector.... one in four of these private businesses have voluntarily adopted Sarbanes ‘best practices..." For the complete article, click here.
To learn more about how your company can effectively comply with Sarbanes-Oxley, see www.issuescentral.com to see a walk through of the Compliance Playbook(tm).
