The Honorable Michael G. Oxley has left a rich legacy after a remarkable life and career. He was a long-time Congressman, Chairman of the House Financial Services Committee, and BakerHostetler attorney. He spent 25 years serving his constituents in North central Ohio Fourth Congressional District. Mr. Oxley left an indelible mark on U.S. business and economic history with his co-authorship of the landmark Sarbanes-Oxley Act of 2002. The law restored confidence in the U.S. capital markets after the turbulent period of corporate scandals and bankruptcies that followed the 9/11 attacks. Sarbanes-Oxley, known throughout the business world as SOX, increased accountability and transparency in financial reporting, strengthened corporate boards and governance, and created a new accounting oversight board for publicly traded companies.
At BakerHostetler, Mr. Oxley was a highly respected member of the firm’s Government Policy team where he focused on helping clients resolve or avert problems related to federal policy through legislative or administrative solutions. He also assisted private and public companies with governance policies and compliance programs. Mr. Oxley was also Senior Advisor to the Board of Directors of NASDAQ OMX Group, Inc. and led the Ethics Resource Center and the Lung Cancer Alliance. He served on the boards of the University of Findlay and the Miami University Foundation and established the Oxley Government Center at the Hancock County Historical Museum in his hometown of Findlay.
A popular speaker, Mr. Oxley addressed audiences throughout the United States and the world on Sarbanes-Oxley, as well as many other business and economic topics. He was a leader in the corporate governance community and was often quoted in the news media. He was a member of the National Association of Corporate Directors' Blue Ribbon Commission on Risk Governance. In 2008, Mr. Oxley 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.
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. He 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.
Michael G. Oxley personified excellence in business and policymaking and was a gifted representative, legislator, and lawyer. He will be remembered as a tireless advocate for both investors and business. His professional and personal achievements will leave an enduring impression at BakerHostetler and for future generations.