Christopher Cox, chairman of the Securities and Exchange Commission, on Tuesday brushed aside suggestions that the Sarbanes-Oxley law needed to be revised, but conceded that the implementation of the contentious Section 404 must be improved.
His comments, in an interview with the Financial Times, came as Treasury secretary Hank Paulson – without referring to Sarbanes-Oxley directly – said that "often the pendulum swings too far" when it came to "corrective measures" to deal with corporate scandals.
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