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Corporate Compliance Benchmarking
The Sarbanes-Oxley Act of 2002 was enacted in response to a large public outrage of corporate financial instabilities and scandals. The act itself was designed to plan out corporate governance rules and regulations to avoid situations such as those affecting Enron, Tyco, and WorldCom.
The act is enforceable only to publicly traded companies, in order to protect the interest of investors and stakeholders. Corporate governance prior to the implementation of SOX was not as strictly control, providing grounds for manipulation of data and resources as seen fit by company officials. With the SOX Act, publicly traded companies were forced into tighter security and detailed reporting of their operations and financial statements.
In this study we see how companies such as PepsiCo, Lowe’s, Martha Stewart, Hewlett Packard, have made changes to their corporate governance in order to comply with SOX standards. When companies make the extra effort to......

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Approximate Word Count: 2281
Approximate Pages: 10 (250 words per double-spaced page)

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