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Companies get ally in bid to ease Sarbanes-Oxley

Companies get ally in bid to ease Sarbanes-Oxley

by Rick Turoczy on October 9, 2006

Wall Street and corporate America have found a potent champion in Washington to back their demands for reduced corporate regulation: Treasury Secretary Henry Paulson.

Mr Paulson, just three months on the job, has offered a thinly veiled criticism of the 2002 Sarbanes-Oxley corporate governance law, endorsed a group aiming to curb investor lawsuits and make corporate prosecutions harder, and picked a former colleague from his days as chief executive of Goldman Sachs Group to oversee domestic finance.

Companies get ally in bid to ease Sarbanes-Oxley

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