Menlo Park, Calif. (Sept. 12, 2003) -- Should privately held companies apply corporate governance standards that are mandated for publicly traded companies to their own businesses? A recent survey found that many chief financial officers from nonpublic companies say, “Yes.”

The survey is part of a white paper, “The Impact of Sarbanes-Oxley on Private Business.” It found that 38 percent of CFOs at private firms agreed they would benefit from implementing the same practices as are required of public companies under the act.

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