Finance as the great communicator: effective financial communication in today's business environment.(selected topic)

Business Credit, July, 2004

By Kelly Financial Services As the stories of failed safeguards that allowed fiascos like Enron, WorldCom and Arthur Andersen to fill the front pages of newspapers and become the lead segments of evening newscasts around the country, many wondered what Congress, as well as the Securities and Exchange Commission could do to restore the faith of investors in public markets.

The result was the Sarbanes-Oxley Act of 2002.Among file many things the Act did was to force corporate executives to be proactive and accountable when it comes to a company's communication of its financial position. "The idea behind Sarbanes-Oxley is to resurrect the integrity of corporate America in the eyes of investors, as well as the world," said Robert Lyons, Vice...