Resources for Sarbanes-Oxley (SOX)

To heck with the SEC: why internal corporate governance matters

tpmcafe.talkingpointsmemo.com

Corporate law is so boring, even most attorneys roll their eyes and fall out of their chairs when chumps and knuckleheads start blabbing about it. Just rich people fighting over the chocolate chips, right? In case you're not familiar with this peculiar area of law, here's a factual situation from a prominent opinion issued just this past year: A derivative complaint filed by plaintiff shareholders alleged that the defendants caused the company to issue stock options in contravention of an equity incentive plan by setting the exercise price of the issued options at an unfairly low value. Huh wah? It's worse than the pseudo-speak you get on CNBC. Court opinions based on this stuff routinely run up 70-80 typed pages. I would have said that having a working knowledge of this cr@p gives you great job security, but, well... jury's out on that one!

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