Shock positive response to Sarbanes-Oxley from PwC

PricewaterhouseCoopers today underscored the positive impact the Sarbanes-Oxley Act has had on the capital markets and investors confidence. PwC Global CEO Samuel A. DiPiazza, Jr., who participated in the SEC’s April 13th Roundtable on Section 404, said: “The Act brought about three important improvements for the capital markets:

“First, it fundamentally created a shift in governance from the executive suite to the board room. Directors, particularly those serving on audit committees, are much more engaged, knowledgeable and empowered to act on behalf of investors.