Get Ready, Set, Comply
In the wake of Enron, WorldCom, Health South and other notorious corporate scandals, and with the implementation of Sarbanes-Oxley, more than a few general counsel are likely feeling overwhelmed by all the resources being allocated to compliance and governance programs.
It is difficult, not to mention very politically incorrect, to argue that legislative and regulatory reforms have been excessive or unnecessary. Government agencies, media, plaintiffs’ counsel, investors and governance-rating firms are all shining a spotlight on governance and compliance. It should come as no surprise that there isn’t anything particularly newsworthy about companies with longstanding records of solid governance, ethical business conduct and effective compliance programs – unless, of course, they suddenly become the focus of yet another corporate scandal.
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