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COMPAS Poll/Survey
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On the heels of widespread coverage of accusations of wrongdoing at Biovail, the COMPAS panel of CEOs and business leaders was asked about appropriate remedial action with respect to corporate misrepresentation in general.
The panel takes a tough line, recommending greater use of jail sentences and strong legal protection for whistleblowers. These recommendations come along with evidence of a substantial loss of confidence in the effectiveness of Sarbanes-Oxley. Panelists were asked to score the performance of the U.S. Securities and Exchange Commission and the Ontario Securities Commission. Neither earns a higher score but the SEC does somewhat better than the OSC. These are the key findings from this past week’s Internet survey of CEOs and business leaders on the COMPAS panel. The weekly business survey is undertaken for Canadian Business magazine under sponsorship of BDO Dunwoody LLP |
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