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SEC Chief: Corporate Reforms Working

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SEC Chief: Corporate Reforms Working

SEC Chief: Corporate Reforms Working

SEC Chief: Corporate Reforms Working

  • Download
  • <iframe src="https://www.npr.org/player/embed/1380960/1380961" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

A year to the day after the government enacted sweeping legislation to reform corporate accounting, Robert Siegel talks with Securities and Exchange Commission Chairman William Donaldson about the progress of efforts to prevent another Enron-type scandal. Donaldson took the office early this year. He says he can't guarantee such a scandal will never happen again, but he believes the chances are significantly reduced. He points to a changed atmosphere around corporate dealings, and credits the Sarbanes-Oxley Act, which was signed one year ago, with making it tougher for companies to pull the wool over the eyes of investors and the government.