SOX increased the time requirement and legal risk for company directors.These requirements will likely:
A)Increase the number of directors in the board
B)Reduce the number of directors in the audit committee
C)Increase audit fees
D)Reduce the number of boards that each director sits on
E)All of the above

Question

Quizplus · Accepted Answer

The increased time requirement and legal risk for company directors due to SOX (Sarbanes-Oxley Act) would likely lead to directors reducing the number of boards they sit on to manage their responsibilities and risks more effectively.

SOX Increased the Time Requirement and Legal Risk for Company