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Sarbanes-Oxley News
Article:
International Power joins US Sarbox exodus
The Sarbanes-Oxley Act (SOX) is being blamed for the departure of three FTSE 100 companies from U.S. markets in one week. SOX compliance costs are outweighing the benefit of being listed in the U.S., according to one company. Sarbanes-Oxley is a corporate governance law that was passed in the wake of huge financial scandals in the U.S. It's most contentious part, Section 404, has been highly criticized for being too costly and cumbersome, which led the SEC to recently release revisions to SOX compliance requirements. Some say this is "too little, too late."
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,
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Founded in 1996, the company is headquartered in Waltham, Massachusetts, with
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Reynolds American Selects OpenPages FCM for Sarbanes-Oxley Compliance.
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