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Internet pioneer hits out at Sarbox rules

Posted By claudia On 9th January 2007 @ 19:04 In Uncategorized, News, SOX, North America, Company News | No Comments

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.

[1] AccountancyAge:Internet pioneer hits out at Sarbox rules

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[1] AccountancyAge:Internet pioneer hits out at Sarbox rules: http://www.accountancyage.com/accountancyage/news/2172089/internet-pioneer-hits-
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