''Our emphasis is on making 404 work and implementing it in a cost-effective and investor-protected way,'' says the SEC chairman.
Christopher Cox, chairman of the Securities and Exchange Commission, said Monday that small companies should not necessarily expect an exemption from the internal-controls provisions of Sarbanes-Oxley, according to Bloomberg.
Speaking to reporters in Washington, D.C. following his presentation to a Stanford Law School forum on corporate governance, Cox said, "Our emphasis is on making 404 work and implementing it in a cost-effective and investor-protected way, rather than simply waiving it."
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