Abstract
Sarbanes-Oxley Act offers an opportunity to reward truthful corporations and their management, offering them a competitive advantage, and relieving them from some the Act’s provisions. Corporate culture plays an important role in a corporation’s honest behavior. One size does not fit all in matters of corporate culture. Sarbanes- Oxley Act provisions that impose on all corporations the same internal controls and governance rules impose unnecessary costs on corporations, requiring honest corporations to change one good habit for another. The article suggests that relief from some of the internal controls rules imposed in the Sarbanes-Oxley Act might be an effective way for rewarding corporations for their honest behavior rather than punishing them.

Size: 324 KB
Est. download time @ 28.8K: 11 seconds

Adobe Acrobat Reader v3.01 or greater is required to view this paper.
To obtain a free copy, click the button below

Tamar Frankel Contact Information

tfrankel@bu.edu
Boston University School of Law
765 Commonwealth Ave
Boston, MA 02215
USA
(617) 353-3773

Presentation and Publication Information:

SSRN:

http://ssrn.com/abstract=897783

Click here to close this window.