We applaud ENRs recent article on corporate governance (ENR 7/21 p. 24). Certainly, Sarbanes-Oxley and the many SEC and NYSE-NASDAQ initiatives have kept us all busy over the last year. Corporate governance is important to all stakeholders of companies, especially those publicly held.
But ENR should inform its readers about changes in another area just as important to every construction firm, both public and private, that performs work for public agencies. This is the area of ethics and corporate compliance and the impact on corporations, directors and officers, of the U.S. Sentencing Commissions organizational sentencing guidelines and a landmark case in Delaware.