The corporate scandals of the past decade generated sensational headlines and demands for dramatic corporate-governance reform. In response, the government initiated a tidal wave of legislative reform and shareholders went on the march.
Sarbanes-Oxley Act Offers Recording Artists Potent Tool for Challenging Label Operations
Armed with a 'blue sky' law passed in 2002, new Securities and Exchange Commission (SEC) regulations and a general shareholder mood of discontent that is turning into activism, artists have an unprecedented opportunity to seek meaningful corporate reform and oversight of the music industry through the corporate boardroom. What they couldn't accomplish as disgruntled artists, they may be able to accomplish as disgruntled shareholders.
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