Sarbanes-Oxley Act is so pervasive, companies can't ignore it, GCs say
Oh, the joys of being a general counsel at a private company. No need to worry about all those laws and rules governing public corporations. In particular, no need to think about the most onerous law of all, the Sarbanes-Oxley Act. Indeed, some businesses are going private just to escape SOX.
But a growing number of private companies are headed in the opposite direction. Even some that have no intention of going public are voluntarily implementing many SOX requirements. Which raises the inevitable question: Are they nuts?
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