The Effects and Unintended Consequences of the Sarbanes-Oxley Act on the Supply and Demand for Directors

@article{Linck2008TheEA,
  title={The Effects and Unintended Consequences of the Sarbanes-Oxley Act on the Supply and Demand for Directors},
  author={James S. Linck and J. Netter and Tina C. Yang},
  journal={Corporate Law: Law & Finance},
  year={2008}
}
  • James S. Linck, J. Netter, Tina C. Yang
  • Published 2008
  • Business
  • Corporate Law: Law & Finance
  • Using eight thousand public companies, we study the impact of the Sarbanes-Oxley Act (SOX) of 2002 and other contemporary reforms on directors and boards, guided by their impact on the supply and demand for directors. SOX increased directors' workload and risk (reducing the supply), and increased demand by mandating that firms have more outside directors. We find both broad-based changes and cross-sectional changes (by firm size). Board committees meet more often post-SOX and Director and… CONTINUE READING
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