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Five years under the thumb

From The Economist print edition Jul 26th 2007 | NEW YORK Sarbanes-Oxley Satoshi Kambayashi Corporate America is learning how to live with the tough regulations introduced after the collapse of Enron. FOR the leaders of corporate America it has been five long years. The Sarbanes-Oxley Act, widely known as SOX, was signed into law on July 30th 2002 by George Bush, who called its tough new rules the “most far-reaching reforms of American business practices since Franklin Roosevelt was president”. The hope was to restore public confidence in American business, which had been badly shaken by huge corporate scandals, such as those which led to the bankruptcies of Enron and WorldCom. Read More