Anniversaries are always a good time to take stock, and this year, the fifth anniversary of the Sarbanes-Oxley Act, represents a particularly significant milestone for public-company boards. But it is old news already that SOX has led to boards that are more independent from management (a trend that was already well under way by 2002) and more financially savvy. What is much more interesting, we believe, are two major changes that have occurred without any regulatory impetus at all.
Click here to read Spencer Stuart’s perspective on board recruiting.