Re: Sarbanes-Oxley

Phil Payne wrote:
Sorry if you've already done all the work...

http://news.independent.co.uk/business/news/article360919.ece

"Tough, post-Enron company rules in the US may have to be relaxed to stem a flow of listings
from New York to London, an American diplomat said yesterday.

Rushed through in 2002, following a wave of corporate scandals, the controversial
Sarbanes-Oxley legislation lays down tough accounting rules designed to ensure that public
companies make fuller disclosure of their financial position.

It prompted an angry reaction from this side of the Atlantic because European companies that
are listed in the US are affected even if they comply with their own domestic requirements."


i was at a financial industry conference (including some of the european exchanges) in europe late last fall ... where a lot of the (european) corporation executives spent a lot of time discussing the sarbanes-oxley issue. recent post discussing the subject ... towards the end
http://www.garlic.com/~lynn/2006h.html#33 The Pankian Metaphor
.