Thursday, June 03, 2004

HOW MANY MUSIC INDUSTRY FAT CATS WILL WIND UP INSIDE?: Poor music biz execs; as if having Camden Council wanting to throw them in jail isn't bad enough, the Sarbanes-Oxley act - an American measure introduced after the Enron clusterfuckage to try and ensure good corporate governance - could allow artists to finally hold their paymasters to account: just by buying a single share of stock in their company, they could accuse the board of failing to comply with the act and demand a full, independent audit of the company's finances. Richard Menta explains it all in loving detail, concluding "the rules have changed."

[via blogcritics, who've been having an upheaval of their own over the last day as they shift from one hosting company to another - apparently Bloghosts just pulled the plug without warning]


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