Veteran VC Tim Draper slams Sarbanes Oxley as backlash builds in Silicon Valley to burdensome regulations

"Tim Draper, veteran Silicon Valley venture capitalist (Draper, Fisher, Jurvetson), has hit out at the heavy burdens which the Sarbanes-Oxley Act and increased government regulations have placed on U.S. companies.

In an interview in The Ledger (an email newsletter published Thursday by his public relations company representative, Launchsquad), Mr. Draper states his suspicion that, when it comes to improving corporate governance, Sarbanes-Oxley (SOX) will have the exact opposite effect that it intended. "


[Silicon Valley Watcher]