| Publisher | Know | ||
|---|---|---|---|
| Format | 112.4KB PDF, requires Acrobat Rdr 5 | Date added | 06 Mar 2004 |
| Topics | Sarbanes-Oxley, Cost Control - Risk Mgmt., Law and Government | ||
| Downloads | 67 | ||
While the Sarbanes Oxley Act may not be the ideal response to recent corporate scandals, it is a predictable response given the impact that Enron and its successors have had on market value and shareholder confidence. Legislation is an expensive but a familiar solution. Leading cultural transformation is less familiar and perhaps more personally challenging. But creating a vibrant and ethical culture promises not only to increase transparency and accountability. There is also substantial evidence that ethical, values based cultures are critical for creating sustained stakeholder value.
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