Kiss Sarbanes-Oxley Goodbye?
When the new Congress began its session in January, two familiar faces were not present: Sen. Paul S. Sarbanes and Rep. Michael G. Oxley, who are both retiring (after 30 and 26 years, respectively.) Many companies think their main legacy, The Sarbanes-Oxley Act of 2002, ought to be retired with them.
Sarbanes-Oxley has seriously harmed American corporations and financial markets without increasing investor confidence, say critics.
13-Jan-2007
By BL Ochman
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