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BT chairman slams cost of Sarbox

BT chairman slams cost of Sarbox

by Rick Turoczy on November 23, 2004

The ‘great burden’ of Sarbanes-Oxley compliance will cost BT £10m, according to chairman Sir Christopher Bland. But Sir Christopher said there was no chance of BT delisting from the US stock market. ‘We have American shareholders and US dollar-denominated bonds as well. So we’ve just got to grit our teeth and get on with it.’

Sir Christopher also said that he preferred the splitting of chairman and chief executive roles, which has formed part of the recent UK reforms of corporate governance.

BT chairman slams cost of Sarbox

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