Tuesday, September 21, 2004

Private Companies Voluntarily Adopting Sarbanes-Oxley Provisions

To gauge the accuracy of conventional wisdom, FEI and Baruch queried private companies this quarter on their attitudes towards Sarbanes-Oxley. Results indicate it is being embraced by private companies. Almost 60% of surveyed private companies plan to comply with at least some aspects of Sarbanes-Oxley (see list on page 3 for more detail). The reasons cited by those who are complying at least in part are that "it's a better way to run a
business," 61%; "they anticipate it will apply eventually to private
companies," 52%; and "stakeholders should be treated like public investors," 35%. (More than one response was allowed).

Of the private companies that might consider going public, over half (54%) say Sarbanes-Oxley will not deter them. In contrast, 20% are holdouts, saying they will not go public because of the requirements.

Private Companies Voluntarily Adopting Sarbanes-Oxley Provisions

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