Haynes and Boone's Newsroom
Is Our Corporation Complying With All the New Laws and Regulations?
Taylor H. Wilson
Following the Great Depression, the United States adopted various pieces of landmark legislation that redefined our nation’s legal landscape and the rules by which corporations conducted business. These laws, including the Securities Act of 1933, the Securities Exchange Act of 1934 and the Investment Company Act of 1940, imposed a new culture of legal compliance that Congress hoped would help the country avoid similar economic disasters in future years.
The recent economic turmoil in the United States again has our lawmakers busy. From the overhaul of our healthcare laws to the financial reform under the Dodd-Frank Act, corporate America is being asked again to change its way of doing business in response to landmark changes in our legal system. The thousands of pages of new laws that have already been adopted are in turn resulting in a sea of new regulations and rulemaking initiatives that promise to keep compliance personnel busy for years.
Excerpted from Corporate Board Member, November 5, 2010. To read the full article, click here (registration required).