SOX has improved accountability ; Former US congressman Michael G. Oxley, co-architect of the famous Sarbanes-Oxley Act 2002, which tightened corporate governance norms for US companies, was in India last fortnight in his new role as the vice-chairman of the NASDAQ Stock Market, Inc.

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Publication: Business Today

Date: 2008-04-06 00:00:00

Former US congressman Michael G. Oxley, co-architect of the famous Sarbanes-Oxley Act 2002, which tightened corporate governance norms for US companies, was in India last fortnight in his new role as the vice-chairman of the NASDAQ Stock Market, Inc. He met BT's Shalini S. Dagar. Excerpts:

Q. Has Sarbanes-Oxley Act worked?A. The intent was to restore investor confidence and improve transparency and accountability. When the Enron and Worldcom (meltdowns) took place, the average American took them very personally. We could not have sat still and ...

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