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January 4, 2016

Statement on the Passing of Rep. Mike Oxley: A Republican Leader Who Put the Public Interest Above Corporate and Contributors’ Special Interests

FOR IMMEDIATE RELEASE
Monday, January 4, 2016
Contact: Jeff Gohringer, 202-618-6430 or jgohringer@bettermarkets.com

Better Markets Statement on the Passing of Rep. Mike Oxley: A Republican Leader Who Put the Public Interest Above Corporate and Contributors’ Special Interests

Washington, DC — Better Markets President and CEO Dennis Kelleher released this statement on the passing of former Rep. Mike Oxley, sponsor of the landmark Sarbanes-Oxley Act of 2002:

“The passing of former Congressman Mike Oxley is a loss for the nation. He put the good of the nation and solving problems ahead of partisan politics and special interests. After the Enron Corporation imploded and other outrageous corporate scandals, Republicans and Democrats worked together, led by Republican Rep. Oxley and Democratic Sen. Sarbanes, to draft and pass the landmark Sarbanes-Oxley Act, which has led to improved corporate governance, compliance, and ethical best practice in Corporate America from Wall Street to Main Street.

“This bipartisan law sent a message that elected officials, Republicans and Democrats, were not going to ignore, condone, or excuse egregious corporate misconduct and lawbreaking, even by very powerful, well-connected and wealthy corporations and contributors. The country needs more bipartisan leaders like Mike Oxley, who are willing to stand up to influential special interests and big campaign contributors when that is what is required in the best interests of the country and the American people.”

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Better Markets is a non-profit, non-partisan, and independent organization founded in the wake of the 2008 financial crisis to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.com.

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