Power to the People: Regulating Big Business

A session at SXSW Interactive 2011

Monday 14th March, 2011

3:30pm to 4:30pm (CST)

After being witness to a multitude of massive corporate accounting scandals, the world has been forced to re-evaluate almost every area of how business is conducted. A new day is dawning in the world of information, and the people are demanding more visibility into the everyday operations of companies and governments. In order to pacify the public outcry for increased knowledge, regulatory controls such as Sarbanes-Oxley and Base III have been enacted. In addition, regulatory agencies like the SEC are rapidly embracing new approaches to providing the public with information and data through the use of eXtensible Business Reporting Language (XBRL). The SEC and other governing bodies have recognized that the democratization of corporate and government data, through the use of XBRL, will guarantee a higher level of transparency and usability. Now like never before, transparency is allowing for a shift of power from corporations to the people. Because information is easily available for anyone to download for free, analysis and comparisons between the big guys can be done on a large assortment of public data.

This information revolution will no longer allow companies to operate in secrecy and will provide people with the data they need to avoid future bailouts and economic turmoil.

LEVEL: Beginner

About the speakers

This person is speaking at this event.
Michelle Leder

SEC filings, blogging, entrepreneurial journalism, and more SEC filings. Site is now owned by Morningstar. bio from Twitter

This person is speaking at this event.
Twanna A Hines

I write about sex & relationships for the web, newspapers & magazines. My blog is FUNKY BROWN CHICK®. Tweets do not reflect views of exes, family or employers bio from Twitter

This person is speaking at this event.
Jordan Woodard

Husband, musical non-prodigy, do it yourselfer, #XBRL Compliance Manager at @RivetSoftware, Accountant, MBA, Data, Data Nerd, Kantian and student of life. bio from Twitter

This person is speaking at this event.
Gary Thompson
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Eric Cohen

Husband, dad, accordion/banjo player, XBRL co-founder, lover of comedy, student of Scripture, divo of Data Level Assurance, shouter for XML Security bio from Twitter

Next session in Salon D

5pm Be Evil: Does Corporate Responsibility Matter? by Siva Vaidhyanathan

7 attendees

  • CLOUD, Inc.
  • Eric E. Cohen
  • footnoted
  • Twanna A. Hines
  • garyleethompson
  • Jesper Andersen
  • Jordan Woodard

6 trackers

  • Alex Howard
  • Dr. Goddess
  • Jeremy Carbaugh
  • Loulia Miller
  • Online Prism
  • TyKisha

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Time 3:30pm4:30pm CST

Date Mon 14th March 2011


Salon D, Hilton Austin Downtown

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