USING SARBANES-OXLEY ACT TO REWARD HONEST CORPORATIONS
Boston University School of Law Working Paper 06-08
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.
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Tamar Frankel Contact Information
Boston University School of Law
765 Commonwealth Ave
Boston, MA 02215
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