Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

The Corporate CounselorLJN NewslettersNewsSections

Sarbanes-Oxley Compliance: Still a Work in Progress

By David G. Briscoe and Daniel J. DiLucchio
February 27, 2004

For the fourth consecutive year, the American Corporate Counsel's annual meeting was the site of a survey measuring Chief Legal Officer (CLO)'s top concerns in 2003. Topping the list this year:

  • Effect of new corporate governance rules on the law department's relationship with senior management.
  • Balancing the CLO's relationship with the company CEO and Board of Directors.
  • Managing the total cost of the legal function (head counts and outside counsel spending).
  • Protecting attorney client privilege under the Sarbanes-Oxley Act.
  • The typical participant in this year's survey was a CLO working in a publicly traded company with $100-$500 million in revenues, managing a law department with two to five lawyers, and an annual budget of $1 to $5 million.

Compliance with Sarbanes-Oxley

The effect of new corporate governance rules and standards is still being assessed. CLOs have taken compliance with Sarbanes-Oxley seriously and some already see it affecting relationships with senior management. Sarbanes-Oxley compliance is requiring in-house counsel to take on expanded roles, responsibilities and relationships and this expansion of responsibility is still a work in progress.

This premium content is locked for LJN Newsletters subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
The DOJ's Corporate Enforcement Policy: One Year Later Image

The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.

The DOJ's New Parameters for Evaluating Corporate Compliance Programs Image

The parameters set forth in the DOJ's memorandum have implications not only for the government's evaluation of compliance programs in the context of criminal charging decisions, but also for how defense counsel structure their conference-room advocacy seeking declinations or lesser sanctions in both criminal and civil investigations.

Use of Deferred Prosecution Agreements In White Collar Investigations Image

This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.

Bankruptcy Sales: Finding a Diamond In the Rough Image

There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.

A Lawyer's System for Active Reading Image

Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.