According to the March 11 New York Times editorial,there is bipartisan support for "gutting" the Sarbanes-Oxley Law. The name of the law may not dance trippingly off your tongue but it is or should be known to directors of present and past profit and nonprofit making organizations.
It came into being after the havoc caused by ENRON, the Texas company that functioned with little or no regulatory oversight in the 90s. Enron grew like a giant octopus with tentacles that surrounded and destroyed much more than investor portfolios. It destroyed lives, communities and institutions around the country.
In the field of energy it trampled environmental concern, disregarded responsibility for human welfare, and was lead by a calloused management some of whose actions were found to be criminal. We are going backwards if we pass a politically expedient, watered-down version of the law whether nonpartisan or not.
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