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Beginning of article

THE HIDDEN COSTS OF TIGHTER CONTROLS.

Every chief executive officer, chief financial officer, general counsel and director of a public company has been inundated with legal inemos explaining the new rules of corporate governance promulgated under the Sarbanes-Oxley Act of 2002, revised New York Stock Exchange and Nasdaq regulations and general securities law paranoia. The goals include total financial statement transparency, more independent directors, disclosure committees and new auditing standards, all of which are positive in some respects. Arguably, these changes have, in part, helped to restore investor confidence in the capital markets and resulted in a resurgence in stock …