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Conglomerate Blog: Committee on Capital Markets Regulation

Conglomerate Blog: Committee on Capital Markets Regulation

by Rick Turoczy on September 19, 2006

Has Sarbanes-Oxley and other regulation passed in the wake of corporate accounting scandals caused America’s capital markets to lose their competitive edge in the global marketplace? That is a question about which a group of business and financial leaders hope to find an answer. The group is a recently formed committee called “The Committee on Capital Markets Regulation,” whose director is Harvard professor Hal Scott and whose members include several academics such as Allen Ferrell, Reinier Kraakman and John Coffee as well as business and industry leaders such as the chief executives of DuPont and Office Depot and the president of the NYSE. Part of the Committee’s charge is to generate a report with recommendations regarding the impact of liability on public companies and gatekeepers as well as the impact of Sarbanes-Oxley, with particular attention on Section 404. All apparently with an eye to determine whether these regulations have caused our markets to be less attractive to investors and thus less competitive.

Conglomerate Blog: Committee on Capital Markets Regulation

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