Foley & Lardner Study Finds, Despite Intentions of Public Company Governance Reforms, Many Private and Nonprofit Organizations Continue to Be Impacted

Foley & Lardner Study Finds, Despite Intentions of Public Company Governance Reforms, Many Private and Nonprofit Organizations Continue to Be Impacted: "Foley & Lardner Study Finds, Despite Intentions of Public Company Governance Reforms, Many Private and Nonprofit Organizations Continue to Be Impacted

CHICAGO--(BUSINESS WIRE)--March 9, 2005--
Study Reveals Significant Impact on Nonprofit Organizations; Increasing Pressure From Customers and Insurance Providers to Comply
The second annual study conducted by Foley & Lardner LLP, The Impact of Sarbanes-Oxley on Private & Nonprofit Companies, reveals that the Sarbanes-Oxley Act and related public company governance reforms continue to permeate the private sector, despite the view of Congress that its reforms were only intended to apply to public companies.
The 2005 study measured the continued impact of public company governance reforms on private organizations and found self-imposed reforms continue to affect both for-profit "