Recreating Sarbanes-Oxley

Lora Bentley

"Sarbox needs to be fixed, and we will tell you how to do it."

 

Several groups have made similar statements in the past: industry-specific lobbies, Securities and Exchange Commission advisory committees and task forces.

 

The latest is the Committee on Capital Markets Regulation, chaired by a former Goldman Sachs CEO and a former White House adviser. Brought together by Harvard professor Hal Scott, the group also has the support of U.S. Treasury Secretary Henry Paulson, who is concerned that Sarbanes-Oxley is harming U.S. competitiveness in the international economy.

 

The group will focus on making Sarbox more business-friendly, according to a Mineweb story, and will also look into hedge funds, among other things. The committee expects to release its findings by the end of November.



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