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Sarbox: Spur to Foreign-Company Flight?

Sarbox: Spur to Foreign-Company Flight?

by Rick Turoczy on September 21, 2004

Section 404, in particular, might be causing a number of overseas companies to take the difficult step of deregistering with U.S. regulators.

A number of foreign companies traded publicly here are reportedly willing to take the step of deregistering with the Securities and Exchange Commission in order to shed Sarbanes-Oxley compliance burdens..

A handful of non-U.S.-based companies have chosen to de-list from U.S. exchanges according to The Wall Street Journal. Their decisions have come before governance provisions like Sarbox Section 404 go into effect next year for foreign-based companies that are listed in the United States.

Sarbox: Spur to Foreign-Company Flight?

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