Jottings By An Employer's Lawyer

Friday, March 11, 2005

No More Sarbanes in Sarbanes-Oxley


Actually the name of the legislation won't change, but the Maryland Senator who was the Senate sponsor (and more importantly the Committee Chair) for the historic corporate governance legislation (which has its significant employment aspects as well) has announced he will not seek re-election according to the New York Times story, Maryland Democrat Won't Seek to Retain Senate Seat in 2006.

Having such high profile legislation is a way to be remembered long past your period of active service; whether that will be for good or bad in this case is probably in the eye of the beholder. What is certain is that we will not really have enough case law to have a true feel for the impact of the legislation, at least in its employment law aspects, by the time Senator Sarbanes seat is filled by another.


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