Coming to Terms With Compliance

A survey shows that senior executives are becoming more accepting of Sarbanes-Oxley

Senior corporate managers have, for the most part, overcome their initial misgivings about the administrative and financial requirements of compliance with Sarbanes-Oxley and other recent regulations, according to Hill & Knowlton Inc.'s "Corporate Reputation Watch 2004," a survey of top executives from large companies in North America, Europe and Asia. Only 8 percent of respondents said they believe that the task of meeting new financial disclosure and governance standards poses a real challenge to running a competitive business. Forty-five percent described the compliance burden as heavy but manageable, and 48 percent claimed it is reasonable.

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