"The effect of Sarbanes-Oxley seems to have blown by the average investor"; 55 percent believe that financial and accounting regulations governing publicly held companies are still too lenient.
More than three years after the passage of the Sarbanes-Oxley Act, investors are apparently not too confident that the new governance rules are reining in inappropriate behavior by corporate executives.
According to a new poll conducted by The Wall Street Journal and Harris Interactive, 55 percent of U.S. investors believe that financial and accounting regulations governing publicly held companies are too lenient. That figure rises to 77 percent for male investors ages 45 to 54.
See full Article. Also see Harris Interactive Press Release.
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