I told myself I wouldn't write one of those year-end or looking-ahead blog posts. (You know, the ones full of bullet points and numbered lists?) But this week's tech press is full of nothing but articles reviewing 2007 or predicting what 2008 will hold...
For example, Forbes reporter Matthew Kirdahy lists "Five C-Suite Issues for the Year Ahead." Not surprisingly, Sarbanes-Oxley and other compliance issues are right up there. Also on the list: executive compensation; succession planning; corporate social responsibility; and emerging markets in Russia, China and India.
Sarbanes-Oxley will be an issue until "everyone, large and small, learns to play by the rules," he says. You'd think that most large companies have a handle on most of the law's requirements, given they've had five years to get their heads around it. But the smaller companies are just now learning what Sarbox compliance will mean to their businesses.
As Paul Sharman, president and CEO of the Institute of Management Accountants says, "the nightmare is just beginning" for them.