News from Montgomery College

900 Hungerford Drive, Suite 200, Rockville, MD 20850 

Date: October 2, 2003 (03-75)
Contact: Elizabeth Homan, 240-567-7970;
Steve Simon, 240-567-7952

U.S. Senator Paul Sarbanes to Keynote Ethics Symposium
Sarbanes-Oxley Act Subject of November 5 Event at Montgomery College  

U.S. Senator Paul S. Sarbanes (D–MD) will be the special guest speaker when Montgomery College’s Macklin Business Institute and the Rockville Chamber of Commerce co-sponsor the second “Ethics in Business Symposium” on Wednesday, Nov. 5, at 7:30 p.m., in the Theatre Arts Building on the College’s Rockville Campus, 51 Mannakee Street, Rockville, Md.

The program will examine business practices since the recent enactment of the Sarbanes-Oxley Act of 2002, which President Bush characterized as “the most far reaching reforms of American business practices since the time of Franklin Delano Roosevelt.”

The keynote address, presented by Sen. Sarbanes, will be followed by a panel discussion with experts from various related fields and audience questions. The evening will begin with light after-dinner refreshments at 7:30 p.m., with the keynote address slated for 8 p.m.

The Sarbanes-Oxley Act, enacted in the wake of the scandal at the Enron Corporation in 2001 and named after its primary sponsors, mandated a number of reforms to enhance corporate responsibility, enhance financial disclosures and combat corporate and accounting fraud. It also created the “Public Company Accounting Oversight Board” (PCAOB) to oversee the activities of the auditing profession. At the time, Senator Sarbanes was chairman of the Senate Banking, Housing, and Urban Affairs Committee.

Senator Sarbanes, a native of Salisbury, Maryland, began his public service career in the Maryland House of Delegates. He represented Baltimore City in Annapolis for four years, before moving to the U. S. House of Representatives. Sarbanes served three terms in the House as a member of the Third Congressional District, serving on the House Judiciary Committee, the Merchant Marine and Fisheries Committee, and the Select Committee on House Reorganization.

After six years in the House, Sarbanes successfully bid for a seat in the United States Senate.  He is currently serving his fifth term in office, representing the state of Maryland.  

For information about the “Ethics in Business Symposium”, contact the Macklin Business Institute at 240-567-1707 or the Rockville Chamber of Commerce at 301-424-9300.  To request accommodations for a disability, contact Kathy Droubi from the Macklin Business Institute at Montgomery College at 240-567-1707.

The full text of the Sarbanes-Oxley Act is available at http://www.law.uc.edu/CCL/SOact/soact.pdf.  You can find links to all Commission rulemaking and reports issued under the Sarbanes-Oxley Act at http://www.sec.gov/spotlight/sarbanes-oxley.htm.

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