Compliance News update
Monday, November 27th, 2006Pelosi, Kleiner Perkins Push for Overhaul of Sarbanes-Oxley Law - “Pelosi has stated several times that there needs to be changes to Sarbanes-Oxley, particularly for smaller, emerging- growth companies,” said Mark Heesen, president of the National Venture Capital Association in Arlington, Virginia.
Dodd’s Balancing Act to Get Tougher - As Enron and WorldCom fade from the news, some of his constituents are seeking to water down the Sarbanes-Oxley Act, passed in 2002 to strengthen the role of corporate gatekeepers in response to a wave of scandals.
Sarbanes-Oxley compliance to be less costly - The U.S. Securities and Exchange Commission and the board that regulates accountants will revise the Sarbanes-Oxley corporate governance law to lower compliance costs for public companies based on their market values, the SEC’s chairman, Christopher Cox, said Thursday.
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