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Atlanta Fed's Guynn on corporate governance

In a speech on 'Ethical challenges in a market economy' given on 11 April, Jack Guynn of the Federal Reserve Bank of Atlanta said the 2002 Sarbanes-Oxley Act has helped restore trust in US corporations at a "very substantial" financial cost to some businesses.

``Today's boardroom culture seems to be changing,'' Guynn, 62, said in a speech being delivered today at Bridgewater College in Bridgewater, Virginia. ``Corporate governance has weeded out some of the most egregious conflicts of interest.'

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