Tuesday, March 21, 2006

Not Just Talk on SARBOX from NASDAQ?

In this post I noted how the CEO of NASDAQ has come out publicly against Sarbanes-Oxley. He is doing this because the US, and his company in particular which caters to smaller, innovative companies, is losing listing business to London and other international stock exchanges. The LSE and Germany's Neuer Markt are ballyhooing that companies can avoid SARBOX by lisitng on their markets, and it is working.

Well, I just got emailed a survey from NASDAQ asking institutional investors are series of questions about the worth of SARBOX compliance in general and relative to its costs. I imagine that this survey will be used as a tool to bang our Sausage Factory Workers over the head and get them to wake up to the fact that they made a mistake. Here's hoping.

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