Sarbanes‐Oxley legislation and the private company: if not a marriage, then certainly an engagement
Abstract
Purpose
Looks at attempts to avoid Sarbanes‐Oxley guidelines over past few years. It has been widely reported, for example, that the number of public companies announcing their intention to privatize has increased 30 percent since the enactment of SOX. Some other companies will elect not to seek initial public offerings but will remain private enterprises.
Findings
Private firms have so far avoided such Sarbanes‐Oxley regulations changes. Pressure is mounting, however, to ensure that whether public or private, firms operate in compliance with SOX. Some states are considering Sarbanes‐Oxley‐like legislation.
Practical implications
Provides managers with information on progress toward applying Sarbanes‐Oxley guidelines to private corporations.
Originality/value
Of particular value to CEOs and other board members.
Keywords
Citation
Dalton, D.R. and Dalton, C.M. (2005), "Sarbanes‐Oxley legislation and the private company: if not a marriage, then certainly an engagement", Journal of Business Strategy, Vol. 26 No. 2, pp. 7-8. https://doi.org/10.1108/02756660510586274
Publisher
:Emerald Group Publishing Limited
Copyright © 2005, Emerald Group Publishing Limited