Sarbanes Oxley Act
Sox Act is the enectment in consequence of the Enron Debacle.
I have a paper called Global Corporate Governance & Ethics and was called on to prepare this assignment.
Hope will throw some light in this subject.
The Enron collapse in 2001 represented the high-water mark in the recent round of corporate scandals in the United States. In response to this crisis, the US government introduced the Sarbanes-Oxley Act ( Sox) in July 2002. The primary objective of this Act is to increase shareholder value by strengthening accountability in publicly traded corporations. In the words of President G.W. Bush, the Sox represents the “most far sweeping reform of American business practices” since the New Deal.