Sarbanes-Oxley: is it good for your supply chain?(CONTROL)(Sarbanes-Oxley Act of 2002)

Supply Chain Management Review, November, 2006 by Barratt, Mark; Savidge, Matthew; Barratt, Ruth

The Sarbanes-Oxley Act (SOX), enacted July 30, 2002 and now administered by the Securities and Exchange Commission (SEC), is the most sweeping securities legislation in recent history. The act was introduced to close the gap between ownership (by shareholders) of publicly listed companies and control of such companies (by boards of directors and executive management teams) as well as to restore investor confidence following the widely publicized Enron, WorldCom, and Tyco cases.

Since its enactment, SOX has elicited a mixed response from the business community, suggesting that while the act's intention is well-meant the practical realities of compliance are causing a great deal of pain. With these concerns comes the question of whether SOX, in its current...

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