Power in the Post-Sarbox Boardroom

Eisenman comments on the newfound power of the board that may be one of the most unanticipated consequences of the impact of Sarbanes-Oxley on governance. Although it is rarely discussed in public the advent of Sarbox has initiated a significant shift of power in the boardroom. Boards are now mandat...

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Bibliographic Details
Published in:Directorship 2005-05, Vol.31 (5), p.1
Main Author: Eisenman, Elaine J
Format: Article
Language:English
Subjects:
Balance of power
Boards of directors
Chief executive officers
Corporate governance
Directors
Public Company Accounting Reform & Investor Protection Act 2002-US
Trust
Online Access:Get full text
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Summary:Eisenman comments on the newfound power of the board that may be one of the most unanticipated consequences of the impact of Sarbanes-Oxley on governance. Although it is rarely discussed in public the advent of Sarbox has initiated a significant shift of power in the boardroom. Boards are now mandated to be more diligent and more independent in their response to management initiatives that ever before.
ISSN:0193-4279