Post-Enron Law Opens the Boardroom

Number 23265
Subject Business
Source Dispatch (Columbus, Ohio)
State OH
Year 2006
Publication Date 12/10/2006
Summary As a result of the 2002 passing of the Sarbanes-Oxley Act, the records of large companies became more readily available to investigators and the public. Due to these public filings, the financial compensation for directors at Enron became widely known: "directors received $350,000 a year to attend a handful of meetings. Half collected thousands more as highly paid consultants to the giant energy trader. Others accepted multi-million-dollar donations from the company for nonprofit organizations where they worked."
Category General
Pages 2
Keywords Enron; Sarbanes-Oxley Act; directors compensation; nonprofit
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