Devoted to Corporate Attorneys, Corporate Lawyers, and Corporate Counsel

Broc Romanek of TheCorporateCounsel.net has a post, The Roots of Sarbanes-Oxley, discussing, yes, you guessed it, the legislative history of Sarbanes-Oxley. Broc's post has this quote from Lynn Turner of Glass Lewis: "Often one reads that SOX was hastily created by Congress without much thought. However, that position is usually espoused by people who had - or have - no knowledge of the legislative history, or quite frankly oppose the regulation." As Lynn points out, however, much of what we see in Sarbanes-Oxley today was in legislation proposed in 1978. For more on the history of this statute and Broc's commentary and how its history relates to the lawsuit recently filed to challenge Sarbanes-Oxley, be sure to read his post.