State of Innovation

Patents and Innovation Economics

Sarbanes Oxley – The Medicine is worse than the Disease: Part 2

            None of these securities laws were able to prevent the stock market decline of 2000.  Sarbanes Oxley was passed in 2002 in reaction to several corporate and accounting scandals including those affecting Enron, Tyco International, Adelphia, and WorldCom.  The legislation set new or enhanced standards for all U.S. public company boards, management, and public accounting firms.  The act contains 11 titles, or sections, ranging from additional corporate board responsibilities to criminal penalties, and requires the Securities and Exchange Commission (SEC) to implement rulings on requirements to comply with the new law. Read more »

June 18, 2009 Posted by dbhalling | -Economics, -History, -Legal, Innovation | , , , , , , | 1 Comment