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Paulson Says Sarbanes-Oxley Adds to Companies’ Burden

Paulson Says Sarbanes-Oxley Adds to Companies’ Burden

by Rick Turoczy on October 25, 2006

U.S. Treasury Secretary Henry Paulson said he is considering recommending changes to the 2002 Sarbanes-Oxley corporate governance law because its restrictions have overwhelmed some American companies.

While the “net result” of stricter reporting standards for executives has been positive, Sarbanes-Oxley has also contributed to “an atmosphere that has made it more burdensome for companies to operate,” Paulson said in an interview today from Washington.

“We’re going to need to look at how we can address some of these issues,” Paulson said. “This is something we’re giving a lot of thought to.”

Paulson Says Sarbanes-Oxley Adds to Companies’ Burden

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