"We choose to do [these] things, not because they are easy, but because they are hard, because that goal will serve to organize and measure the best of our energies and skills."
—President John F. Kennedy, 1962
President Kennedy was speaking of going to the moon—a goal only slightly more ambitious, in the view of many corporate executives, than complying with the Sarbanes-Oxley Act. Hugh Taylor, corporate iconoclast par excellence, turns the prevailing view upside down as he illustrates how achieving full compliance with the spirit as well as the letter of SOX actually has the power to strengthen American business. As a catalyst for positive change, SOX challenges us to tighten operational control while maintaining strategic flexibility—not an easy task, but one that, once achieved, can bring out the best in corporate America.
In this refreshingly readable book, Taylor presents a powerful case for compliance, not because it's the law but because it creates an environment that ensures a well-run business with financial information that CEOs as well as investors can rely on. It demands a new level of management effectiveness that, by its very nature, benefits the bottom line.
SOX has the potential to help us do what we do better. "an engaging and thought provoking book" (Information Age, December 2006)