Sarbanes-Oxley More Than Bureaucracy

BY ALBERT L. WALLACE

Sarbanes -Oxley More Than Bureaucracy
In “ A Changing Corporate Culture ” ( JofA , Mar.04, page 57), the comment that CFOs’ and controllers’ incentive compensation plans should not be too heavily weighted toward profits and stock growth hit the mark.

Corporations need to see the Sarbanes-Oxley Act as more than just added bureaucracy—they should see it as the driving ethic in a change from greed.

Albert L. Wallace, CPA
Orange, California

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