Fed's Guynn Says Sarbanes-Oxley Act Has Helped Restore Trust

Jack Guynn, president of the Federal Reserve Bank of Atlanta, said the 2002 Sarbanes-Oxley Act has helped restore trust in U.S. corporations at a ``very substantial'' financial cost to some businesses.

``Today's boardroom culture seems to be changing,'' Guynn, 62, said in a speech being delivered today at Bridgewater College in Bridgewater, Virginia. ``Corporate governance has weeded out some of the most egregious conflicts of interest.''

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