Article
Sarbanes-Oxley Putting Safety on the Radar [USA]
Scandals such as...[Enron and WorldCom] precipitated passage of the Sarbanes-Oxley Act of 2002, which mandated...reforms to ensure corporate accountability to shareholders and to nip corporate and accounting fraud in the bud...Safety – or lack of safety – can have a huge impact on the reputation of a company...[Kathy] Seabrook [president and founder of Global Solutions Inc] noted that a workplace accident such as the tragedy at BP's Texas City, Texas, refinery can be a bloodbath for a company's reputation...One of the effects of Sarbanes-Oxley...is that it is motivating employers not only to look at their own operations but also at the operations of their suppliers.