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Sarbanes-Oxley News
Article:
Directors' compensation, workload rise
The Sarbanes-Oxley Act (SOX) has had the unintended consequence increasing the pay for corporate directors. SOX compliance also requires that companies divulge this compensation. The median pay for last year rose 10 percent to $165,000, according to one recent report. This increase in pay reflects an increase in duties as many directors are putting in a lot more time and effort due to Sarbanes-Oxley demands. SOX compliance additionally demands that directors be independent, which is achieved in part by tying director pay to company performance by including equity in director compensation.
The Sarbanes-Oxley News Article
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Reynolds American Selects OpenPages FCM for Sarbanes-Oxley Compliance.
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