New ways to make ’em talk: real‐time inforcement, Sarbanes‐Oxley, and the corporate order

Abstract

“Real‐time” enforcement has been the hallmark of Harvey Pitt’s tenure as Chairman of the Securities and Exchange Commission (the “SEC” or “Commission”). However, real‐time enforcement cannot succeed without real‐time knowledge of securities law violations. To foster early disclosure of possible wrongdoing, the SEC has emphasized the desirability of corporate cooperation through early self‐detection, self‐correction, and self‐reporting. Now, key provisions of the Sarbanes‐Oxley Act of 2002 will make such cooperation more likely, by changing some of the basic ways that corporate directors, officers, employees, accountants, and attorneys deal with each other.

Citation

Frumento, A.J. (2002), "New ways to make ’em talk: real‐time inforcement, Sarbanes‐Oxley, and the corporate order", Journal of Investment Compliance, Vol. 3 No. 3, pp. 62-69. https://doi.org/10.1108/joic.2002.3.3.62