Co-author of Sarbanes-Oxley Act has garnered both fame and blame since co-authoring corporate governance initiative
Rep. Michael G. Oxley has garnered both fame and blame since co-authoring the now three-year-old corporate governance initiative known as the Sarbanes-Oxley Act.
On the fame side, the chief financial officer of a Midwestern company asked Oxley to autograph a pair of tube socks -- a play on the Sarbanes-Oxley acronym SOX. As for the blame, Oxley acknowledged, "Nobody ever passed a perfect piece of legislation, but this one has been quite a ride."
Oxley, a Republican, spoke about his eponymous law during a wide-ranging panel discussion called "Oxley Direct" on Monday before about 120 lawyers, business and financial services executives, compliance officers and others at the InterContinental Hotel in Buckhead, Ga. The discussion was hosted by McKenna Long & Aldridge, KPMG and Computer Associates International.
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