Write two pages summarizing the Sarbanes-Oxley legislation and your assessment of the act’s effectiveness in significantly lowering agency costs. Include any criticism you have of the act. OR Write a two-page summary of the famous article by Jensen 1986 – Agency cost of free cash flow discussing the agency costs of free cash flow. The quality of your writing is important. Check your grammar, spelling, style, etc. No specific format is required, but attempts to limit your work, such as double-spacing and wide margins, will not help your grade. **Working knowledge of both Sarbanes-Oxley and the Jensen article are required, regardless of which assignment you choose.**
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