Trade Secret Holding Companies: A Structural Solution To A Sarbanes-Oxley Requirement
By Marius Meland
Law360, New York (March 22, 2006, 12:00 AM EST) -- It is now recognized that Sarbanes-Oxley requires corporate directors and officers to account for and manage the trade secret assets of public companies. The difficulties now center on implementation of these requirements. The creation of a holding company for trade secret assets provides a vehicle for complying with the SOX requirements and provides other benefits to the company.
Section 302 of Sarbanes-Oxley requires the CEO and CFO of public companies to certify that their annual and quarterly reports do not contain any untrue or misleading statements...