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Study: Investors Say Sarbanes-Oxley Got It Right; Wish Mandatory Jail Time for Wrongdoers
Posted By megan On 6th August 2007 @ 12:33 In News, Study, North America, Accounting rules, Sarbox | 3 Comments
As U.S. regulators and industry recognize Sarbanes-Oxley’s fifth year this July 30, most investors (57 percent) in a new survey by Pepperdine University’s Graziadio School of Business and Management believe the requirements imposed by the law, holding CEOs and senior management personally accountable for the accuracy of their companies’ financial disclosures, are about right, while one-third (31 percent) say its restrictions did not go far enough. Only eight percent say the law went too far.
The study on investor attitudes toward CEOs and their corporate boards finds almost nine out of ten investors say that jail time should be mandatory for corporate officers and board members convicted of practices harmful to employees, shareholders and the public. Four out of five investors surveyed favor actions by prosecutors to aggressively recover company losses from convicted executives and/or board members’ personal assets.
3 Comments To "Study: Investors Say Sarbanes-Oxley Got It Right; Wish Mandatory Jail Time for Wrongdoers"
#1 Pingback By investment-finance » Blog Archive » finance calculator On 6th August 2007 @ 18:00 (4 weeks ago)
[…] As U.S. regulators and industry recognize Sarbanes-Oxley’s fifth year this July 30, most investors (57 percent) in a new survey by Pepperdine University’s Graziadio School of Business and Management believe the requirements imposed by the law,… …more […]
#2 Pingback By investment-finance » Blog Archive » Find Banking Investing Personal Finance On 6th August 2007 @ 18:07 (4 weeks ago)
[…] As U.S. regulators and industry recognize Sarbanes-Oxley’s fifth year this July 30, most investors (57 percent) in a new survey by Pepperdine University’s Graziadio School of Business and Management believe the requirements imposed by the law,… …more […]
#3 Pingback By investment-finance » Blog Archive » HK stocks fall after Wall St, finance hammered On 6th August 2007 @ 18:08 (4 weeks ago)
[…] As U.S. regulators and industry recognize Sarbanes-Oxley’s fifth year this July 30, most investors (57 percent) in a new survey by Pepperdine University’s Graziadio School of Business and Management believe the requirements imposed by the law,… …more […]
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