Oxley's Side of the Sarbox Story

Lora Bentley

Since retiring from Congress at the beginning of the year, Sarbanes-Oxley Act co-author Michael Oxley has taken to his new responsibilities as vice chair of the NASDAQ.


Dallas Morning News columnist Cheryl Hall caught up with him recently after a speaking engagement, and she says the two things Oxley misses about his years as a legislator are "pickup basketball in the House gym and managing the Republican team in the congressional baseball game."


According to Hall's piece, Oxley had no idea what he was in for when he and former Sen. Paul Sarbanes (D-Md.) joined forces to introduce legislation intended to prevent future Enron scandals. In fact, he was surprised when his name was added to the bill before it left the joint committee.


Oxley calls the recent risk-based changes to the much-maligned corporate reform law "the most underreported story" because they make compliance less complicated for small businesses. Before, he says, "the regulations were 330 pages long and were far too prescriptive and bureaucratic."

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