SOX Code of Ethics - Ignored by more than 25%
John Bace, VP of Research at Gartner, reported that only 83% of companies had met the “letter” of the SOX requirement of establishing a code of ethics; but 25% of those companies say they won’t enforce those standards. John suggests that we need to get companies focused on the spirt instead of the letter of SOX,
Meeting the letter of the Sarbanes-Oxley law - whatever that finally turns out to be - is only the first step. Adhering to the spirit of the law is the only thing that will accomplish its ultimate goal. Too many enterprises are consumed with minutia and trivia in their chase of the compliance holy grail, and as this survey points out, most are failing to take seriously what caused all of this in the first place.
