Selected Issues (Including the Executive Loan Prohibition) Under the Sarbanes-Oxley Act of Interest to Private Equity Funds and Their Portfolio Companies

On 8/1/02 we made available the alert "President Signs Into Law Sweeping Accounting Reform and Corporate Governance Legislation" on the Sarbanes-Oxley Act of 2002 (the "Act"). As discussed in that Alert, the Act contains many provisions that are burdensome to public companies and their officers and directors. This alert discusses in more depth than the general 8/1/02 alert two issues of particular concern to private equity funds and their portfolio companies.