As corporate America marked the third anniversary of the passage of The Sarbanes-Oxley Act of 2002, a group of leaders from the business community gathered in Washington D.C., to discuss an issue that’s been top of mind for public companies: whether the benefits of the sweeping legislation outweigh the hefty costs associated with compliance.
The consensus among a panel assembled last week to discuss the current state of compliance in America seemed to be that, while the regulatory environment in which companies operate today has become increasingly complex due to SOX and a flurry of other governance reforms, the benefits of those measures do outweigh the costs.
