NationStates Jolt Archive


SOX Proposal?

Amontillido
24-11-2004, 20:54
Greetings...
My humble apologies if this has been discussed, I admit I am new to this, however, I have been reading and have not seen this in the [Deleted (http://forums2.jolt.co.uk/showthread.php?t=330452)] or the [Approved (http://forums2.jolt.co.uk/showthread.php?t=357572)] UN proposals list, nor anything in the FAQ.

Has anyone considered implementing a variant of the Sarbanes-Oxley Act?

Thanx~!
Would this fall under the heading of a "Game Mechanics Proposal"??
The Black New World
24-11-2004, 21:00
Go on, explain what the Sarbanes-Oxley Act is. I admit my ignorance.

Giordano,
UN representative,
The Black New World
DemonLordEnigma
24-11-2004, 21:00
Never heard of that act before. You'll have to explain it.
Texan Hotrodders
24-11-2004, 21:05
Here ya go, ya lazy bums! (http://news.findlaw.com/hdocs/docs/gwbush/sarbanesoxley072302.pdf)
Amontillido
24-11-2004, 21:09
"The Sarbanes-Oxley Act became law in July 2002, in response to the corporate scandals at Enron, WorldCom, Arthur Andersen and others. The act establishes new standards for corporate accountability and seeks to improve the accuracy of financial reporting for publicly traded companies."
DemonLordEnigma
24-11-2004, 21:09
Here ya go, ya lazy bums! (http://news.findlaw.com/hdocs/docs/gwbush/sarbanesoxley072302.pdf)

Summarize it. I don't have the time to read through that.
Texan Hotrodders
24-11-2004, 21:10
SOX compliance is essentially a "Law of Accountability". Brought upon I.R.L. due to corporates such as Enron...(you get the idea).

Or they could read the link I provided...
Texan Hotrodders
24-11-2004, 21:11
Summarize it. I don't have the time to read through that.

It's a corporate accountability bill. I haven't read the details.

I just don't know that we really have an appropriate category for that type of legislation.
Frisbeeteria
24-11-2004, 21:13
http://www.sarbanes-oxley.com/

Damned if I can actually find what it does ... but ...

"The Conglomerated Oligarchy of Frisbeeterian Corporate States sees no need for a transnational resolution relating to corporate accountability. Since the CEOs of the various corporations comprise the actual law-making body (such as it is), I can assure you that everything we do is proper and just. Any investigative body would report back to the very companies they were investigating, so it would be a pointless and expensive layer of bureaucracy with no real purpose."

To save Texan Hotrodders the effort of posting ... "It's one of those pesky national sovereignty issues."
The Black New World
24-11-2004, 21:13
How would this effect communist nations with only government run corporations?

Giordano,
UN representative,
The Black New World
Texan Hotrodders
24-11-2004, 21:17
To save Texan Hotrodders the effort of posting ... "It's one of those pesky national sovereignty issues."

That too. I just don't bother posting it as often as I used too.
Amontillido
24-11-2004, 21:19
How would this effect communist nations with only government run corporations?

Giordano,
UN representative,
The Black New World
I don't know. As I admitted, I'm new here and haven't figured out all the bells-n-whistles regarding "Nation States". I don't know if this would be a bill applied to nations or the UN or it's Delegates, etc...
There might not be a need for this at all~! (shrugs)

Thanx~!
_Myopia_
24-11-2004, 22:26
Well when you make a proposal and it becomes a resolution, it is applied to all nations as it is written. Although I think the same rules have to apply to all nations (not sure, I know you can't single out one or two nations or regions).

EDIT: BTW, remember not to involve the real-world laws and situation in your proposal text, because Enron and the USA don't exist in NS.
Vastiva
25-11-2004, 06:39
I dare anyone to boil that one down to a proposal, considering the word limit.
Vastiva
25-11-2004, 06:40
Side note: What does "ZX81 H4x0r0r" mean anyway?
Texan Hotrodders
25-11-2004, 17:11
Side note: What does "ZX81 H4x0r0r" mean anyway?

A ZX81 is a type of computer. H4x0r0r is just leet speak for hacker.