Christopher Cox, chairman of the Securities and Exchange Commission, on Tuesday issued a robust defence of the Sarbanes-Oxley legislation saying it was “important to keep in mind” that many of its elements had been adopted by other regulators overseas.
“I would like to highlight a little noticed fact: While competitors in other countries are using Sarbanes-Oxley as a reason for foreign companies to list in their jurisdictions, many of those same countries are adopting provisions of the act as part of their own regulatory regime.”
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