The Sarbanes-Oxley Act and the Making of Quack Corporate Governance
dc.contributor.author | Romano, Roberta | |
dc.date | 2021-11-25T13:34:20.000 | |
dc.date.accessioned | 2021-11-26T11:37:20Z | |
dc.date.available | 2021-11-26T11:37:20Z | |
dc.date.issued | 2005-01-01T00:00:00-08:00 | |
dc.identifier | fss_papers/1919 | |
dc.identifier.contextkey | 1832959 | |
dc.identifier.uri | http://hdl.handle.net/20.500.13051/1191 | |
dc.description.abstract | The Sarbanes-Oxley (SOX) Act of 2002, in which Congress introduced a series of corporate governance initiatives into the federal securities laws, is not just a considerable change in law, but also a departure in the mode of regulation. The federal regime had until then consisted primarily of disclosure requirements rather than substantive corporate governance mandates, which were traditionally left to state corporate law. Federal courts had, moreover, enforced such a view of the regime's strictures, by characterizing efforts of the SEC to extend its domain into substantive corporate governance as beyond its jurisdiction. SOX alters this division of authority by providing explicit legislative directives for SEC regulation of what was previously perceived as the states' exclusive jurisdiction. | |
dc.title | The Sarbanes-Oxley Act and the Making of Quack Corporate Governance | |
dc.source.journaltitle | Faculty Scholarship Series | |
refterms.dateFOA | 2021-11-26T11:37:20Z | |
dc.identifier.legacycoverpage | https://digitalcommons.law.yale.edu/fss_papers/1919 | |
dc.identifier.legacyfulltext | https://digitalcommons.law.yale.edu/cgi/viewcontent.cgi?article=2971&context=fss_papers&unstamped=1 |