The benefits of the Sarbanes-Oxley Act are that it created greater accountability by top management and board of directors to employees (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). The greater accountability will force a business to provide an investment to the stakeholders rather than collect excessive compensation and other benefits (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). The renewed investor confidence provides managers and brokers with the information to make solid investment decisions, which will lead to a more stable growth rate for investors (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). CEO compensation packages will be explained and all of the extra perks and officer loans will go away (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). Employee retirement plans will be better protected that way employees can trust that they will not lose their savings tied to such plans (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). Stock analysts and rating agencies will have improved information (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). Senior managers, auditors, and board members will have greater accountability with stiff penalties if laws should be broken (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). The Sarbanes-Oxley Act legislation was the start to tougher regulations and more compliance of public corporations. The latest financial crisis in 2008-2009 proves that we need strict regulations and better oversight from the
The benefits of the Sarbanes-Oxley Act are that it created greater accountability by top management and board of directors to employees (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). The greater accountability will force a business to provide an investment to the stakeholders rather than collect excessive compensation and other benefits (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). The renewed investor confidence provides managers and brokers with the information to make solid investment decisions, which will lead to a more stable growth rate for investors (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). CEO compensation packages will be explained and all of the extra perks and officer loans will go away (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). Employee retirement plans will be better protected that way employees can trust that they will not lose their savings tied to such plans (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). Stock analysts and rating agencies will have improved information (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). Senior managers, auditors, and board members will have greater accountability with stiff penalties if laws should be broken (Thorne, O. Ferrell, & L. Ferrell, 2011, p. 156). The Sarbanes-Oxley Act legislation was the start to tougher regulations and more compliance of public corporations. The latest financial crisis in 2008-2009 proves that we need strict regulations and better oversight from the