Article: Rep. Michael Oxley Cites Restoration of Investor Confidence as the Legacy of The Sarbanes-Oxley Act.

Business Editors

COLUMBUS, Ohio--(BUSINESS WIRE)--March 30, 2004

U.S. Representative Michael G. Oxley (R-Findlay, OH) Tuesday pointed to increased transparency, stronger penalties and board independence as major successes of the Sarbanes-Oxley Act. Oxley, co-author of the Sarbanes-Oxley bill that revolutionized governance practices for public companies, served as the keynote speaker at the Corporate Responsibility Institute's (CRI) first meeting in Columbus, Ohio, on Monday, March 29. Nearly 100 CEOs, CFOs and executives of Columbus area companies participated in the event at the Athletic Club of Columbus.

In his address, Oxley discussed how ...

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