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Sarbanes-Oxley News
Article:
Sarbanes-Oxley hampers risk-taking: Study
A recent study indicates that the Sarbanes-Oxley Act may be having the unintended consequence of inhibiting corporate growth and innovation. The report found that, when compared to U.K. companies, U.S. companies cut costs in research and development after the passage of Sarbanes-Oxley, while increasing cash holdings. SOX compliance mandates that corporate directors meet more stringent requirements or face litigation, which may have introduced a trend toward risk aversion. The government is currently taking steps to try to remedy any negative effects of Sarbanes-Oxley, including a current assessment of the auditing industry.
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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