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Study: Sarbanes-Oxley forcing some companies to consider going private

Study: Sarbanes-Oxley forcing some companies to consider going private

by Rick Turoczy on June 16, 2006

Fed up with the Sarbanes-Oxley burden, 21% of companies that responded to law firm Foley & Lardner’s latest study said they are considering going private. Other options respondents are considering include selling the company (10%) and merging with another company (8%).

Meanwhile, costs associated with corporate governance reform dropped 16% for companies with less than $1 billion in annual revenue and 6% for companies with greater than $1 billion in annual revenue, reports Foley & Lardner in its fourth annual Sarbanes-Oxley study, released Thursday.

Study: Sarbanes-Oxley forcing some companies to consider going private

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