Compliance : Sarbanes Oxley : Governance : Thought Leader
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For Governance Models, Look to the Government
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Once the penalties for noncompliance with the Sarbanes-Oxley Act are published, many observers anticipate that companies will start spending significant dollars on fulfilling the terms of the regulation. The criminal penalties for executive managers and board members are particularly harsh, with a maximum personal fine ranging from $1 million to $5 million and a maximum prison term of 10 to 20 years.
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Emory Miller Government Affairs Robbins-Gioia
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