Some thoughts on SOX
Former Ohio Congressman Michael Oxley, who helped write the Sarbanes-Oxley Act, or SOX, is now a lawyer, lobbyist, and NASDAQ vice-chairman. What does he think about the law that he helped pass five years ago? What did he hope to accomplish with SOX, and does he feel that that has been successful? In this interview with Insurance Journal’s Andrea Wells at a PLUS meeting in late 2007, Oxley answers these questions and more. He believes that while some of the implementation of SOX may have been “over the top,” the primary goals behinds SOX — transparency, accountability and to restore investor confidence — were accomplished.
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