starbulletin.com | Editorial | /2007/11/25/

starbulletin.com | Editorial | /2007/11/25/: "As if Hawaii managers of nonprofits don't have enough on their plates. On top of running their kuleana and dealing with everything from diminished state and federal funding to sorting out personnel squabbles, they now must also comply with Sarbanes-Oxley (or SOX).

The Sarbanes-Oxley Act was passed on July 30, 2002, in response to the corporate and accounting scandals of Enron, Tyco and others. The purpose of the law is to restore public trust in America's corporate sector. The law requires that publicly traded companies adhere to stricter governance standards that both broaden board members' roles in overseeing financial transactions and auditing procedures."