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Internet pioneer hits out at Sarbox rules

Published by claudia January 9th, 2007 in Uncategorized, News, SOX, North America, Company News Tags: , , , , , .

Jim Clark, co-founder of internet icon Netscape Communications, has resigned as chairman of online photo site Shutterfly saying that Sarbanes-Oxley corporate governance regulations had ‘gone too far’.

In a letter to management released in a regulatory filing, Clark said one reason for him resigning was due to constraints imposed on major shareholders by the Sarbanes-Oxley securities law.

AccountancyAge:Internet pioneer hits out at Sarbox rules

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