Michael Viscuso
Published: 2008
Total Pages: 14
Get eBook
Through arm-twisting, the federal government has forced corporations to disclose environmental liabilities since the catastrophic mid-twentieth century collision between securities and environmental law. Though their protests were numerous, and the self-proclaimed injustices against them unparalleled, corporations have recently been shoved over a fence onto a side where the grass is certainly greener, though not in the spirit of that adage. The 2002 romulgation of Sarbanes-Oxley has done much to elevate the paranoia of corporate management, and as publicly backed environmental regulation increases its tenacity for environmental betterment, chief executive officers and chief financial officers are starting to sweat green all over their 10-Qs and 10-Ks. This note takes the reader on a brief tour of the past, present, and future of environmental liability disclosures, hoping to provide at least the semblance that our federal government has been employing efficient means to protect both investors' wallets and their world.