Sectors
Corporate governance reform continues to impose a substantial and still growing burden on U.S. public companies. Results from Foley & Lardner’s fifth annual The Cost of Being Public in the Era of Sarbanes-Oxley study found that the average annual cost of compliance for companies with under $1 billion in annual revenue is $2.8 million – an increase of more than $1.7 million since SOX was adopted. To examine the impact of this trend, Paul Broude, Partner in Foley & Lardner’s Boston office, wrote “U.S. Financial Markets Still Attractive Despite Increasing Compliance Costs,” which appeared in the November 2007 issue of New EnglandIn-House.
