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Sarbanes-Oxley News
Article:
Corporate board seats not so cushy: Post-Enron, directors must dig into details
Today's board directors are harder to recruit due to
concerns about personal liability thanks to the Sarbanes-Oxley
corporate governance law (SOX). Directors often rely
on their own sources to assist them in determining what
is appropriate and ethical in their corporate affairs.
While this was almost unheard of prior to demands from
shareholder activists in the 90s, with Sarbanes-Oxley,
it is now the norm. SOX compliance standards mandate
that auditing committees must contain one "financial
expert" who will guide the committee through the auditing
process. This is good news for investors who are still
recovering from the latest options backdating scandal,
which many argue happened before Sarbanes-Oxley.
The Sarbanes-Oxley News Article
About OpenPages
OpenPages is the leading provider of Governance, Compliance and Risk
Management solutions
for Sarbanes-Oxley Compliance, Financial Controls Management, General
Compliance Management, Operational
Risk Management and IT
Governance.
The company’s solutions provide the visibility, decision support and
control to improve accountability, better manage risk, achieve compliance
with numerous regulations, improve operational performance and align strategies
to ensure better results.
Market-leading corporations in financial services, manufacturing, telecommunications,
media/entertainment, retail/consumer, energy, high technology, health services
and life sciences rely on OpenPages to help them achieve sustainable governance,
risk and compliance management -- enabling them to become well-governed businesses.
Founded in 1996, the company is headquartered in Waltham, Massachusetts, with
regional offices throughout North America and international offices in London, Munich, Paris, Tokyo and Hong Kong.
For more information on OpenPages' suite of business governance software solutions
or to register for an online demonstration, please call 781-693-5999 or visit
www.openpages.com.
Reynolds American Selects OpenPages FCM for Sarbanes-Oxley Compliance.
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