My greatest concern about "tweaking" the SEC rules to accommodate European companies is the psychological impact that this could have on U.S. managers who themselves are struggling to comply with SOX. We certainly want to maintain a level playing field in this endeavor.
This article will focus on how Europe is handling SOX compliance for their companies whose shares are listed in the United States. Briefly stated, Europe is pretty far behind the U.S. in compliance and it looks as though they might never fully comply with the law in its present form.
By now, most of us have heard of SOX, the Sarbanes-Oxley Act.
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