Congressman Michael G. Oxley, R-Ohio, co-author of the landmark Sarbanes-Oxley Act of 2002 spoke to more than 200 business leaders on Tuesday, April 26 in Behrakis Grand Hall about the necessary collaboration between corporate boards and management in achieving Sarbanes-Oxley compliance. Oxley’s visit to Drexel is part of the “Inside the Boardroom” lecture series, presented by LeBow College of Business and Smart and Associates, LLP.
In his speech, Oxley proclaimed that Sarbanes-Oxley has had a positive impact on the recovery of the economy and as accountants and companies learn to incorporate the measures of the law, future compliance would be less arduous.
“This area is important to us,” said Dean George P. Tsetsekos. “This series is just one part of our total focus on corporate governance. We are looking to bring Sen. Paul Sarbanes back for future discussions.”
The Inside the Boardroom series is designed to educate upper level managers and provide insight on trends that directly affect the performance and success of public or private companies and other board-directed organizations. Drexel became the nation’s first university in 2003 to voluntarily adopt the practices of the Sarbanes-Oxley Act of 2002 setting a leadership example for nonprofits.