Free Pricing | JCPenney Coupons | Pizza Hut Coupons | Home Depot Coupons
Sarbanes-Oxley has Spirent scrapping New York listing

Sarbanes-Oxley has Spirent scrapping New York listing

by Rick Turoczy on October 5, 2006

Spirent Communications is dropping its New York listing because of the high costs of meeting the Sarbanes Oxley regulations on corporate governance.

The communications technology company said in a statement: “The US listing has become significantly more costly and onerous in recent years, not least due to the imposition of the Sarbanes Oxley regulations.”

The New York listing costs £3m a year which Spirent believes is “disproportionate to the actual or potential benefit in maintaining the US listing”. Spirent will maintain its London listing.

Sarbanes-Oxley has Spirent scrapping New York listing

Leave a Comment

Previous post:

Next post: