Problem:
In 100 words or more discuss the following - Some have criticized Sarbanes-Oxley as an overreaction to a few very bad situations and have called for its repeal or a modification of some of its requirements. What do you think about this? Would there be a way to achieve the goal of ethical corporate governance without overburdening companies to comply with all the present requirements of SOX or do you think the present requirements are necessary? Does the cost of SOX compliance hurt the U.S. economy by discouraging successful private companies from taking their stock public?