Corporate Governance Elements of Sarbanes-Oxley

• Date: November 16, 2009
• Source: External

Sarbanes-Oxley is a tool to curb corporate scams and misreporting. The act enforces strong internal controls and transparency. The act is known for its tight deadlines, effective penalties and enforcement implications. Considering the sharp increase of financial scams and their intractability, SOX aims to keep a track of the company’s internal functioning patterns and information disclosure guidelines.