On Sarbanes-Oxley:It's a blunt instrument that was an unnecessary burden for all companies but certainly a disproportionate burden to small companies. We need to have accounting firms recognize that all auditing is not necessarily good. Effective auditing is what is the definition of good.
On shareholder activism: It's a testament that there is an ongoing revolution in corporate governance. The day of the imperial president is gone, the day of the moribund director is gone, and the day of the vote-with-their-feet investor is gone. There are new expectations.
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