The US Chamber of Commerce will on Monday call for an end to quarterly earnings guidance from companies; propose that auditing firms be allowed to seek private shareholders; and urge legislation allowing the Securities and Exchange Commission to ease the burden of Sarbanes-Oxley on foreign companies.
The recommendations come in a report that is the third high-level effort to raise alarm about the competitiveness of US capital markets in four months, as the issue garners attention on both sides of the Atlantic.
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