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US to International: Sarbanes-Oxley is good for you; I said, SARBANES-OXLEY IS GOOD FOR YOU

US to International: Sarbanes-Oxley is good for you; I said, SARBANES-OXLEY IS GOOD FOR YOU

by Rick Turoczy on July 19, 2006

Christian Leuz, a professor of accounting at the University of Chicago, says that the time and costs associated with Sarbanes-Oxley compliance are no trivial matter for foreign companies.

On the other hand, being listed on a major U.S. stock exchange has clear advantages, and companies might have more to gain than to lose from complying with tough U.S. corporate governance laws associated with such listing, he told the Washington File July 18.

Companies from developing countries, in which institutions are often weak or underdeveloped, gain credibility with both U.S. and home-country investors when the investors know that those companies must comply with U.S. laws, Leuz said.

“It sends a pretty strong signal to the market: ‘We are trying to do the right thing,’” he said.

US to International: Sarbanes-Oxley is good for you; I said, SARBANES-OXLEY IS GOOD FOR YOU

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