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Sarbanes-Oxley Act |
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| Despite current calls in Congress to ease the impact of the Sarbanes-Oxley Act, an MIT Sloan School of Management professor and coauthors find that the Act's reporting and disclosure standards have brought significant financial benefits for businesses, including smaller firms that some have been seeking to exempt from the law. Passed in 2002 in the wake of a spate of financial scandals, the Sarbanes-Oxley Act was the most sweeping securities legislation since the Great Depression. As publicly traded insurance companies comply with the corporate governance mandates of the Sarbanes-Oxley Act of 2002, lessons learned along the way might benefit mutual insurers, should they be required at some point to comply. |
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