March 30, 2007
Have we created a tumbleweed of compliance?
Analysis of:
Sarbox changes welcomed but imitators abound | www.msnbc.msn.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Implications: Decreasing regulations for foreign companies on Sarbox compliance will likely create forum shopping.
If we realize Sarbox is too restrictive then loosen the noose first on America.
Ring tones of reciprocal compliance with other countries.
Analysis: Farewell Hotel California may have been one of the more interesting ways to explain Sarbanes Oxley compliance. Should foreign investors though been some of the first benefactors of America realizing they probably went a little overboard with dotting the I's and crossing the T's. If foreign investors delist from the US stock exchange they no longer have to comply with Sarbox. We seem to be finally driving towards getting a world agreement on compliance or at least some uniformity and/or reciprocity. The interesting component will be which one of our allies will most likely most mirror Sarbox. First step is to, however lessen the restrictions. which some feel have clearly come at a high price.
http://www.lawfirmalliance.org/assets/attachments/34.pdf
Some have even profited in writing books on interpreting the compliance.
http://west.thomson.com/product/40123815/product.aspx?promcode=511203
If we realize Sarbox is too restrictive then loosen the noose first on America.
Ring tones of reciprocal compliance with other countries.
Analysis: Farewell Hotel California may have been one of the more interesting ways to explain Sarbanes Oxley compliance. Should foreign investors though been some of the first benefactors of America realizing they probably went a little overboard with dotting the I's and crossing the T's. If foreign investors delist from the US stock exchange they no longer have to comply with Sarbox. We seem to be finally driving towards getting a world agreement on compliance or at least some uniformity and/or reciprocity. The interesting component will be which one of our allies will most likely most mirror Sarbox. First step is to, however lessen the restrictions. which some feel have clearly come at a high price.
http://www.lawfirmalliance.org/assets/attachments/34.pdf
Some have even profited in writing books on interpreting the compliance.
http://west.thomson.com/product/40123815/product.aspx?promcode=511203
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