Business Roundtable: Governance Costs Rise Sharply

By John S. McClenahen

Between last year and this, the percentage of Business Roundtable companies reporting estimated costs of more than $10 million to comply with the Sarbanes-Oxley corporate governance legislation and new stock exchange listing standards more than doubled, to 47% from 22%. About one-third of its companies responding reported compliance costs in the $6 million to $10 million range, according to the Business Roundtable's third annual survey of corporate governance practices, which was released this month.

See full Article.