CBI makes last-ditch US governance plea

The debate continues about whether non-US companies should be given more time to comply with US legal compliance regulations. This is also linked with the danger that companies looking for more time will be accused of having something to hide or of not being in shape.

We must avoid reaching these clumsy conclusions in the context that international companies have different (no less appropriate) regulatory regimes, as well.

OAM

Sir Digby Jones, the director general of the CBI, will meet American financial regulators this week in a last-ditch effort to secure more time for British companies to comply with new US corporate governance rules.

The CBI delegation will meet officials from the Securities and Exchange Commission (SEC) in Washington on Wednesday to discuss the impact of the most complex and expensive provisions of the US Sarbanes-Oxley legislation on accounting and corporate governance.

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