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Does Sarbanes-Oxley Prohibit Advances of Legal Fees To Officers And Directors?

Winter 2005
Securities Law Developments - Winter 2005


Imagine this scenario: you are a leader in your field, well-respected by your peers as a businessperson with insight and determination, someone to whom people really listen. One day a friend, the CEO of a public company, asks you if you would like to share your talents with his company by becoming a director. You think this sounds like a pretty good idea. You attend a few meetings, sit in on a few calls — no fuss, no muss. You really think you are doing the right thing.

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