Definition: The Sarbanes-Oxley Act of 2002 was passed by Congress in response to several high-profile corporate fraud cases (ENRON, for example). It was named after Senator Paul Sarbanes and Representative Michael Oxley, who were the primary forces in getting it passed. Also known as SOX, the legislation provides strict policies on how companis hendle specific compliance issues - including the management of electronic communications to financial reporting.
Also Known As: SOX