Sarbanes-Oxley News & Developments
Cardinal Refuses to Reinstate CFOIn the first Sarbox whistleblower case to go to trial, Cardinal Bankshares blocks CFO from reinstatement until a final order comes through.
Brits May Face Enron Charges in U.S.Three former NatWest bankers have argued that standing trial in Houston, where Enron is based, would be unjust and incompatible with European human rights law.
Ex-CEO Pleads to Sarbox 302 ViolationJoseph Micatrotto received a $65,000 payment from a vendor so he could pay off a personal debt, then failed to disclose this payment in the annual report of the company.
SEC: No "Backdoor" Regulation for EuropeThe SEC reassures European firms that mergers between U.S. and foreign exchanges will not automatically export Sarbanes-Oxley and other American securities laws overseas.
The Cost of Being PublicA new study calculates that compliance and governance costs eased this year for companies of all sizes, though they remain much higher than they were before Sarbanes-Oxley.