Chicago (July 28, 2003) -- On the eve of the first anniversary of the passage of Sarbanes-Oxley -- sweeping legislation that was designed to curb the spate of corporate scandals and to restore investor confidence -- its effects are receiving lukewarm reviews, according to a recent survey conducted by the national law firm of Foley & Lardner.
Roughly 93 percent of top-level executives who responded to the firm’s survey on Sarbanes-Oxley a year after its July 30, 2002 passage, indicated that the costs of doing business will rise as a result of the bill, and that they expect those costs to significantly rise in the future.
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