SOX has certainly directed attention to board service. The result of all of this unwanted attention is that fewer people want to serve on a corporate board. To make board service more attractive, directors' fees have gone up accordingly.
Sarbanes-Oxley (SOX) has certainly made quite an impact on corporate governance since its enactment in 2002. Most of us remember the corporate debacles that brought about SOX. In fact, one of them, the Enron failure, is still very much in the news today.
Consider some of the ways that SOX has affected corporate governance: choosing auditing firms, assessing a company's internal controls, strict prohibitions of conflicts of interest, etc.
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