Private Companies find the Silver Lining in SarbOx
Monday, October 16th, 2006The Sarbanes-Oxley Act is gradually transforming the way companies—public and private—do business. It has established new guidelines that are becoming accepted throughout the corporate world as the “gold standard”. Public companies must comply.
As it applies to private companies, however, the Act should be viewed as a unique opportunity to learn from their public company counterparts who, in response to the Act, are defining best practices to mitigate risk, improve processes, and raise credibility among stakeholders and other constituents.
How can Private Companies Leverage Sarbanes Oxley compliance standards?
- New standards raise the bar
- Benefits along the Private Company continuum – pre-IPO/acquisition companies, multiple stakeholder companies, closely held companies
- Seizing opportunities, adopting best practices
- Be Proactive - preparing for today and tomorrow
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