The Evils of Sarbanes Oxley

"The Sarbanes-Oxley legislation was intended to protect the interests of shareholders and it has merit," Sharman said, "but now, three years later, the overly burdensome and complex requirements are impeding business performance. Companies have been forced to spend money -- more than $32 billion of what would have been shareholder income -- on costly procedures to satisfy regulatory requirements."

// posted by Amit Ghate @ 9:08 AM