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Mar 31, 2005

Rolling back Sox

Many foreign issuers and small caps are for it, but will the SEC change its most controversial rules?

After months of vociferous complaints and plenty of hand wringing about Sarbanes-Oxley, the SEC is giving several clear indications that it's finally feeling business' pain.Although concerns are varied, the crux of the issue is generally cost. Tom Lehner, director of public policy at the Business Roundtable, an organization of more than 150 CEOs from large US public companies, says several blue chips are paying over $10 mn to comply with Sox. General Electric has publicly stated that management's

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