Recent SOX Industry Headlines
Sunday, March 18th, 2007SEC’s Cox Says He Opposes Weakening Sarbanes-Oxley (Update5) - SEC Chairman Christopher Cox told the largest U.S. business lobby he opposes weakening the Sarbanes-Oxley Act, rejecting the group’s claim that the law has made the nation’s financial markets less competitive.
Sarbanes-Oxley fix debated at competition summit - Key lawmakers and regulators debated the effectiveness of the Sarbanes-Oxley anti-fraud law at a summit on American competitiveness Wednesday, with no quick fix emerging about the often criticized act.
Regulations, litigation criticized at conference - Litigation and accounting regulations came under criticism Tuesday during a conference sponsored by the Treasury Department at Georgetown University featuring Wall Street and Washington luminaries who said the competitiveness of the U.S. economy is being challenged.
Paulson says need to examine regulatory scope - U.S. Treasury Secretary Henry Paulson suggested on Tuesday that regulatory scrutiny of corporate behavior may have grown so excessive that it poses a threat to market competitiveness.
Paulson: Regulation Should Be ‘Principles-Based’ - Treasury Secretary Henry Paulson said that U.S. rulemakers should consider adopting "principles-based" regulations and accounting standards in a speech at the Capital Markets Competitiveness Conference.
Top Business Leaders Discuss Market Laws - Warren Buffett said the "capitalist system" is doing fine under current financial regulations, thank you very much. Alan Greenspan called for focusing on fraud that erodes the market.
Short-term CFOs Equal Short-term Planning - Job pressure is driving finance chiefs out of their positions sooner these days. And that, along with shorter CEO tenures, is affecting corporate investment decisions, a new survey says.
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