Boards suffering due to Sarbanes-Oxley?

I understand that there is frustration but I hardly think a jump from 7 to 8.7 board meetings is so dreadful. There is a duty of care, not just to shareholders, but to employees that organizations need to be accountable. Working for a software company that helps with SOX compliance, I know that if the right tools are in place, the reporting process CAN be speeded up. Once good systems are in place I would suggest that the reporting is easier - BUT you need the systems in place.

Sarbanes-Oxley is by far some worst legislation ever passed and is counter capital formation which is what has crated jobs and industry in this nation-

Sarbanes-Oxley became law after the Enron failure, hasn't seemed to stop any other large institutions from failing. ie the banks, Madoff or any other corporate criminals. Another example of goverment being totally disconnected from reality. The greed continues in Washington and Corporate America and nobody is going to jail.

Perhaps board members not hand picked by executive management because they are buddies or move in the same social circle would have a more independent streak and be able to handle the duties they are paid handsomely to perform?

Too, many of the potentates appointed to boards join multiple boards for multiple revenue streams. Yes, it is virtually impossible to do the work well when you have other commitments and multiple boards to allegedly serve. How about being a little less greedy and spending a little more time earning the board fees paid from one company?

It's been my experience that board members and senior managers are collectively the biggest cry babies in a corporate boardroom. The compensation they receive for their shenanigans is egg on the faces of shareholders, employees, and customers.

The mindset needs to merge "risk assessment" as a part of "deal assessment" and must be a part of the decision making process thru out the organization. With the Right PROCESSES in place - speeding up info delivery can be done --- its improving your decision making process with varied risks is what is needed!

Sarbanes oaxley,is merely the rules and regulations, to prevent deficiencies in the accounting package. The budget has a specific duty for the specific organization. Therefore, the behavior for that organization, must record the historical events which occur.

Perhaps the timing is off for recording events, because the spending is not in the cashflow account but in the accounts receivables, thereby creating an accounts payable.
None the less a journal, invoices, financial budget statement, trial sheet, and the transference of charge offs, etc. I could be wrong, but I thought sarbanes Oxley, clarified spending, cost control, asset availabiliry, liability limitations.