Over the past few years, cases of miserable failure in corporate governance have shocked the financial world. Enron and WorldCom are just two examples of how a few people in a position of power can cause unprecedented damage to hundreds of thousands of people, including investors, employees, and retirees. Lessons thus learned created a wave of regulations, the most significant being the Sarbanes-Oxley Act of 2002, the first major overhaul in the area of securities since the Securities Exchange Act of 1934.
|Original language||English (US)|
|Number of pages||7|
|State||Published - 2004|
All Science Journal Classification (ASJC) codes
- Safety Research
- Computer Networks and Communications