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Sox First: Paulson and SOX: Has the pendulum swung too far?

Sox First: Paulson and SOX: Has the pendulum swung too far?

by Rick Turoczy on August 2, 2006

In his new job, Paulson doesn’t have the authority to unwind corporate governance measures, like Section 404, but there’s no doubt his comments would certainly provide ammunition for those wanting to change or scrap the law.

Paulson’s comments coincide with the chairman and chief executive of the American Stock Exchange, Neal Wolkoff, attacking Sarbanes-Oxley in the Financial Times. According to Wolkoff, Sarbanes-Oxley has inhibited smaller companies from accessing US capital markets and has reduced the competitiveness of US stock exchanges.

Sox First: Paulson and SOX: Has the pendulum swung too far?

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