Understanding Sarbanes-Oxley, What Is Different After

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The candidate should also have the ability to exercise sound business judgment to act in what he or she reasonably believes to be in the best interests of the Company and its stockholders. Mark was also Senior Vice President of Applications Development at Oracle Corporation, responsible for managing a multi-thousand member global team. The relationship between the owners and the managers in an organization must be healthy and there should be no conflict between the two. In addressing the link between governance principles and law, the introduction to the Report observes: It can be convincingly argued that self-regulation, in which an organisation voluntarily monitors its own adherence to legal and ethical standards, is far preferable to having an outside agency such as government monitor and enforce those standards.

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