Michael G. Oxley

Of Counsel

Washington, D.C.
T 202.861.1663  |  F 202.861.1783

Michael G. Oxley, former Congressman and Chairman of the House Financial Services Committee, serves clients in the areas of corporate governance, investigations, and government policy. In addition to his position with BakerHostetler, Mr. Oxley also is Senior Advisor to the Board of Directors of NASDAQ OMX Group, Inc. After a 25-year career representing Ohio's Fourth Congressional District, Congressman Oxley is best known for his co-authorship of the landmark Sarbanes-Oxley Act of 2002, which restored Americans' confidence in the capital markets early in the decade and created a new accounting oversight board for publicly traded companies.

At BakerHostetler, Mike is part of the Government Policy group, which represents multinational and corporate clients seeking to resolve or avert problems related to federal and/or state policy through legislative or administrative solutions. The team includes a former U.S. Ambassador, senior executive branch officials and state legislators. Additionally, Mike assists private and public companies with establishing governance policies and compliance programs, as well as with confidential investigations related to noncompliance concerns. He also supports the firm's premier White Collar Defense and Corporate Investigations Practice, which represents clients involved with complex white collar crime, regulatory investigations, and litigation. The practice team has represented top tier banking and investment firms by establishing monitorship programs in conjunction with government regulators in accordance with best practice standards.

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Mr. Oxley is frequently interviewed and quoted by the news media, including The Financial Times, The Wall Street Journal, The New York Times, CNBC, Fox Business News, and Bloomberg Television. He is a member of the National Association of Corporate Directors' Blue Ribbon Commission on Risk Governance. In 2008, he was inducted into Directorship magazine's Hall of Fame, which recognizes those who have made unique and lasting contributions to the shape of modern corporate governance. In 2007, he was named to the magazine's Directorship 100, an annual list of the most influential people in corporate governance.

Mr. Oxley is a popular keynote speaker on a wide range of business topics. He has appeared at the invitation of companies and organizations throughout the United States and the world. Before leaving Congress, he addressed the Economic Club of New York as a guest of honor. To mark the five-year anniversary of The Sarbanes-Oxley Act of 2002, he spoke at the National Press Club as a guest of the Center for Audit Quality.

Since beginning his association with BakerHostetler, Mike has made presentations to groups and meetings all over the U.S., including: Major League Baseball's Rookie Dinner; Japan Society; Ohio Telecommunications Association; Japan Commerce Association; Cleveland Tax Club; Stanford University Directors College; Columbus, Ohio, Organization of Corporate Counsel; Topeka Home Loan Bank; Deutsche Bank; Bank of New York; Corporate Women Directors; SIFMA Annual Conference; Harvard Business School Centennial Global Business Summit; and the Federal Reserve Bank of Atlanta's Conference at Sea Island, Georgia.

Among international groups, Mike has spoken to: the National Council on Corporate Governance/U.S. Russia Roundtable in Moscow; Atlantic Bridge's Transatlantic Leadership Exchange in Washington, D.C.; the Milken Institute Global Conference in Los Angeles; the U.S.-Brazil Innovation Summit, Council on Competitiveness in Sao Paulo; the Corporate Governance Conference sponsored by KPMG, Microsoft, and The Marker in Tel Aviv; the Chamber of Hong Kong Listed Companies in Hong Kong; the Oxford India Business Forum in Mumbai; the Franklin Center Conference in Amsterdam; and the Financial Marketplace Regulation Conference at the Sorbonne Graduate School of Business in Paris.

Mike is a member of the American Bar Association's Standing Committee on Governmental Affairs, a member of APCO Worldwide's International Advisory Council and the Board of Directors of the Franklin Center for Global Policy Exchange. At his undergraduate alma mater, Miami University, he supports the Center for Governance, Risk Management, and Reporting at the Farmer School of Business. He has been awarded honorary degrees from Miami University, the University of Findlay, and Pace University. In October of 2009, he was elected to the Board of Trustees of The University of Findlay, in Findlay, Ohio.

While serving in the U.S. House of Representatives, Congressman Oxley backed pro-business, low-tax, pro-competition, and free trade positions as the best policy atmosphere to support strong economic growth. He is a well-known advocate for free trade agreements and international business engagement and has consistently backed the nation's law enforcement, intelligence agencies, and military in the fights against drugs, crime, and terrorism.

From 2001 through 2006, Mr. Oxley served as Chairman of the House Financial Services Committee, which in 2001 consolidated the jurisdiction of all financial services industries in one panel for the first time in the history of the House. The Committee's scope included banking, insurance, securities and exchanges, housing, and monetary policy. Congressman Oxley's chairmanship is best-known for the creation of The Sarbanes-Oxley Act of 2002. He led the panel through the aftermath of the tech bubble, the difficult post-9/11 period, and the rash of corporate scandals early in the decade that destroyed investor confidence and sent the markets into a tailspin. Known for his ability to bring Republicans and Democrats to agreement, Mr. Oxley successfully completed many significant pieces of legislation in the Financial Services Committee, many of which are now law. The Committee's initiatives under his leadership included: the Terrorism Risk Protection Act to provide a federal backstop for terrorism risk for commercial insurance after 9/11; the Check Clearing for the 21st Century Act to modernize the check-clearing system; the Unlawful Internet Gambling Enforcement Act to prohibit the use of U.S. payment systems for unlawful Internet gambling; the anti-money-laundering title of the USA PATRIOT Act; the Fair and Accurate Credit Transactions Act (FACT Act) to provide consumers with a free annual credit report; the Presidential $1 Coin Act to begin a new series of coins featuring U.S. presidents; the Military Services Personnel Financial Services Protection Act to improve the quality of financial services products sold to military personnel; the Federal Deposit Insurance Reform Act to increase the amount of insured deposits; the Federal Housing Finance Reform Act to create a world-class regulator for Fannie Mae and Freddie Mac; Reform of National Security Reviews of Foreign Direct Investments Act to reform the structure and procedures of the Committee on Foreign Investments in the United States; and the Credit Rating Agency Duopoly Relief Act to admit new market participants and to create competition in the rating agency industry.

A member of the House Energy and Commerce Committee from 1983 to 2001, Mr. Oxley is well-known for his knowledge of federal telecommunications and energy policy. He was a Chairman of the Commerce, Trade and Hazardous Materials Subcommittee from 1995 to 2001, and he made significant contributions to the Telecommunications Act, the Clean Air Act Amendments, and the Gramm-Leach-Bliley Act. As subcommittee chairman, he moved legislation that led to the U.S. capital markets quoting stock prices in dollars and cents, instead of the outdated system of fractions. The change was a major factor resulting in more affordable trading for investors, and the move saved investors untold billions of dollars in transaction costs.

Prior to his election to Congress in 1981, Mr. Oxley was a special agent of the FBI in Washington, Boston, and New York, and a member of the Ohio General Assembly. Previously, he practiced law with the firm Oxley, Malone, Fitzgerald, and Hollister in his hometown of Findlay, Ohio. Mr. Oxley earned his undergraduate degree from Miami University in 1966 and his J.D. from The Ohio State University Michael E. Moritz College of Law in 1969.

Memberships

  • American Bar Association
    • Standing Committee on Governmental Affairs
  • APCO Worldwide's International Advisory Council 
  • Franklin Center for Global Policy Exchange
    • Member, Board of Directors

Services

Industries

Prior Positions

  • Member of the U.S. House of Representatives – Ohio's 4th congressional district (1981 to 2007)
    • Chairman of the House Financial Services Committee (2001 to 2007)
  • Member of the Ohio House of Representatives – Ohio's 82nd district (1973-1981)
  • FBI – Special Agent in Washington, Boston, and New York
  • Attorney – Oxley, Malone, Fitzgerald and Hollister

Admissions

  • U.S. Supreme Court, 1986
  • Ohio, 1969
  • District of Columbia, 2008

Education

  • J.D., The Ohio State University Michael E. Moritz College of Law, 1969
  • B.A., Miami University, 1966