Jottings By An Employer's Lawyer

Thursday, March 13, 2003

Another Sarbanes Oxley Headache - April 26 Deadline For Employee Hotline


CFO.com has the story of the benefits of employee reports of wrongdoing, but also the concerns about meeting the April 26 deadline for compliance with Sarbanes Oxley's requirement that publicly traded companies must establish mechanisms for anonymous reporting by employees. Part of the problem is the lack of regulations, which although promised obviously are going to be bumping up against the deadline. As a result, many companies are outsourcing the problem and the article has a link to check on the costs of doing so.


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