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Re:Supreme Court Strikes Down Part of Sarbanes-Oxley by rbranson on Monday June 28, 2010 @12:29PM (#1468433)
EDIT: As pointed out by replies, I apparently lack reading comprehension skills. Thanks to reply:

tl;dr: The SEC no longer requires good cause to remove oversight board members any more, and the President's power is essentially unchanged.

Re:Supreme Court Strikes Down Part of Sarbanes-Oxley by zosi on Monday June 28, 2010 @12:52PM (#1468504)
Actually, that's completely wrong.

As the law was prior to this decision, the SEC had to have good cause to remove someone from the Public Company Accounting Oversight Board. The ruling was that requiring two levels of good cause between the President and the oversight board was unconstitutional, and now the SEC is able to remove oversight board members directly without requiring good cause. The logic is that this provides sufficient insulation from Presidential control, because the President still requires good cause to remove the SEC people who can remove oversight board members.

tl;dr: The SEC no longer requires good cause to remove oversight board members any more, and the President's power is essentially unchanged.

Re:Supreme Court Strikes Down Part of Sarbanes-Oxley by zamfi on Monday June 28, 2010 @12:42PM (#1468468)
Wait, isn't this almost the opposite of what the article states? I read it as saying that the ruling removed the restriction that SOX Public Company Accounting Oversight Board members could only be removed for good cause.

In other words, it's now easier for those board members to be removed, as the SEC can just remove them at will.

I haven't read the actual text of the ruling; is the article inconsistent with it?

Re:Supreme Court Strikes Down Part of Sarbanes-Oxley by wheaties on Monday June 28, 2010 @12:34PM (#1468447)
Thanks. I don't speak the same English that is found within those legal documents.
Re:Supreme Court Strikes Down Part of Sarbanes-Oxley by kgrin on Monday June 28, 2010 @12:40PM (#1468461)
That's because it's not really meant to be "English"; think of it as a DSL for the law.
Re:Supreme Court Strikes Down Part of Sarbanes-Oxley by jesselamb on Monday June 28, 2010 @01:27PM (#1468644)
I have the hardest time conveying to some clients that legal documents are more like code than prose. I'll try the analogy of a DSL with my dev clients. Thanks.
Re:Supreme Court Strikes Down Part of Sarbanes-Oxley by daeken on Monday June 28, 2010 @03:04PM (#1469023)
The analogy of a DSL isn't really an analogy -- it is a DSL. Legalese is a subset of English gramatically speaking, but the entire goal is to minimize ambiguity as much as possible. It really is a DSL.
Re:Supreme Court Strikes Down Part of Sarbanes-Oxley by protomyth on Monday June 28, 2010 @12:41PM (#1468466)
its really more of a programming language than English these days