The Sarbanes-Oxley Act of 2002 has placed many corporate boards on the defensive, requiring constant talk with accountants and lawyers to insure they remain in compliance with the Act's provisions. That's not necessarily a bad thing, and is undoubtedly good for investor confidence in the post-Enron world.
However, attention to defense in the game of business does not assure good results or rising stock prices. There is a new "bad boy" coach now, calling for corporate boards to take actions designed to make stock prices go up, or to focus on their businesses.
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