Don’t Like U.S. Rules and Regulations? Delist

From Corporate Board Member magazine, March/April, 2005:

That steady beat of the tom-toms you’re hearing might just be the sound of heads banging on boardroom walls. Directors of European companies that trade on U.S. exchanges are almost apoplectic over the imminent implementation of Rule 404 of the Sarbanes-Oxley reform act, which requires CEOs and CFOs to certify that their companies’ internal controls are accurate. What really irks European companies is having to abide by a law they think was enacted much too quickly, requires a lot of expensive paperwork, and fans America’s lust for litigation.

See full article.