> I could be wrong, but I believe SOX deals primarily with corporate
> accounting standards. It's supposed to up the integrity and transparency
> of corporate _accounting_. Among other things, I think it includes a
> requirement for CEOs to sign off on their companies' books (so it's
> _their_ butts on the line).
This is correct. As a manager for a public company (OSDN is a division
of VA Software, ticker LNUX), I had to attend a teleconference briefing
on Sarbanes-Oxley. The only way you could sue SCO's management or Board
for crummy Web site or Intranet security under SOX is if you are a
shareholder -- and were a shareholder at the time they did whatever it
is you don't like -- so it's not a law that can be used to hold SCO's
management accountable to the rest of the world.
Even if you buy SCO shares now, you would only be able to take legal
action against them if they take some new action you consider wrong, and
you lose money as a result of that action. Right now SCO is probably
fine under SOX as long as all their books are in order -- and Darl isn't
hiring his brother-in-law to do work for which he is not qualified or
something else along those lines.
- Robin
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