The State of Corporate Governance: A Retrospective on Sarbanes‐Oxley
Join the conversation on Twitter using #CatoEvents. Follow @CatoEvents on Twitter to get future event updates, live streams, and videos from the Cato Institute. If you have questions or need assistance registering for the event, please email our staff at email@example.com.
In reaction to the Enron and WorldCom scandals, Congress passed the Sarbanes‐Oxley accounting and corporate governance law in July 2002. Has this law really done much to prevent future scandals? Has it had the promised soothing effect on investor confidence? Or has Sarbanes‐Oxley merely deflected attention from the real causes of frauds and bankruptcies while giving rise to unanticipated adverse consequences? Our experts will caution that Congress is rushing to enact additional stifling regulations of the way U.S. corporations compensate their executives and recommend that resources are better spent examining the root causes of economic and financial trauma.