February 4, 2004

Corporate Governance Web Pages Galore

We have upgraded our list of links to corporate governance web pages by adding links to each of the Fortune 100 as well as the 20 companies with the most widely held stocks (these are in addition to the list we previously had to misc. companies that had upgraded their sites early). Also note that we have provided a list of links to the IR web pages for each of these companies.

Interestingly, roughly 85% of the Fortune 100 have already launched corporate governance web pages. However, there are no assurances that they all meet the new SRO standards.

Watch Out for SOX Scams!

Some community members have forwarded fraudulent invoices from an organization claiming to be the “Sarbanes-Oxley Compliance Registry.” These invoices are sent to the accounting departments of companies with a notice that registration fees are now due (for relatively minimal amounts, such as $125) and claim the fees are required by SOX. These scam artists are hoping the accounting department pays without asking someone within the company that knows better. If you are aware of other SOX scams, send them on!

Senate Finance Committee Approves Bill Containing CEO Certifications for Tax Returns

Last week, the Senate Finance Committee approved a bill that would require CEO to provide a certification with the company’s tax return.