The Sarbanes-Oxley Act was passed in July/2002.
The significance of this Act was presented to the Board and Frank Cady down-played the importance and made fun of the person that presented this to the Board.
Now, Cady claims that this Act should be adhered to, even though it applies only to publicly traded companies. Nagel also over-emphasized the adherence to the Sarbanes-Oxley Act......
Pezzullo & McKenzie appeared to notify the Board adequately as to the new changes.......