Silicon Valley boards reshaped by Sarbox

Five years after Sarbanes Oxley, companies in Silicon Valley have reshaped their boards, according to the San Jose Mercury News. Nearly all have a director with financial expertise in their audit committees, compared with 11 percent in 2003, a stat that seems shocking in retrospect. Outside directors account for nearly 85 percent of the total, up from 75 percent in 2003. And more than two-thirds have separated the CEO and chairman job. To some extent, this works against the stereotype that Valley companies pack their boards with cronies. There are some questions to be answered. Does all this make the boards more effective? When it comes to compliance and rules, yes. But I'd like to see more companies start strategy committees.  

For more:
- here's the article

Related articles:
- Silicon Valley activity on the rise 
- Effect of Sarbox in Silicon Valley debated