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Yet another Sarbanes-Oxley problem



According to Larry Ribstein, the law's provision requiring audit committees to set up snitchlines -- excuse me, information channels to facilitate anonymous whistleblowing -- conflicts with various laws of the home countries of foreign firms that do business in the U.S., leaving them in a compliance bind.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.