NYSE Euronext chief has urged rethinking on the Sarbanes-Oxley law because of its ‘onerous rules’
Companies may already be dissuaded from listing in the US because of onerous rules and a litigious environment, Duncan Niederauer, NYSE Euronext chief executive, told delegates yesterday at a National Press Club event in Washington.
He said the Sarbanes-Oxley law needed to be ‘rationalised’, particularly for small and medium-size enterprises as US faced increasing competition for companies wanting to list from places such as London and Hong Kong, according to Reuters.
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