In this conversation, Prof. James Fanto talks about his recent article, A Social Defense of Sarbanes-Oxley, 54 N.Y. L. Sch. L. Rev. 517 (2007), which was part of a symposium called Corporate Governance Five Years After Sarbanes-Oxley: Is There Real Change? Prof. Fanto teaches courses on banking, corporate, and securities law, corporate finance, and comparative and international corporate law and governance. His extensive writings include other articles on Sarbanes-Oxley and many other corporate law topics and are listed on his Selected Works web page.
In this conversation, Prof. Fanto considers the impact of the current financial crisis on public and corporate views of the need for regulation of publicly traded companies and the benefits that have resulted from enactment of the Sarbanes-Oxley Act of 2002. He argues that this legislation is a reassertion of social values of professionalism against a socially destructive ideology of self-interest that marked the corporate world at the turn of the last century.