Reflections on Sarbanes-Oxley: Lessons Learned & Implications for the Future Podcast

April 2, 2008

Speaker
The Honorable Michael G. Oxley, Of Counsel, Baker & Hostetler LLP; former Chairman of the House Financial Services Committee and co-author of the Sarbanes-Oxley Act

Presider
James McDonald, President & CEO, Rockefeller & Co. Inc.; Chairman, Japan Society

Former Chairman of the House Financial Services Committee and the co-author of the Sarbanes-Oxley Act Michael Oxley relates his personal view on the development of Sarbanes-Oxley and the extraordinary period in business history that produced it. He reflects on the lessons learned from the implementation of the law, as well as the future of its core concepts. More than five years since enactment, the principles behind the law are gaining influence in other sectors and throughout the globe. Mr. Oxley comments on current adjustments in the law's regulatory implementation, and notes the rise of stock exchanges, competition and capitalism throughout the developing world, linking this with the spread of free trade and democratic ideals.