December 2006 Governance & Ethics News

• Sarbanes-Oxley, Costly Cure for What Ails Market
• Study Claims Sarbanes-Oxley Damages American Competitiveness

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Sarbanes-Oxley, Costly Cure for What Ails Market (12/4/06) - AEI
U.S. financial-market regulations have multiplied like rabbits in recent years. While companies have been moaning about the costs imposed by the Sarbanes-Oxley corporate-governance law and its brethren, academics have toiled away trying to identify whether the regulations are all that bad.

Last week, a report by a committee of academics and business executives drew on much of that research and made a convincing case: U.S. financial markets have become painfully overregulated.

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Study Claims Sarbanes-Oxley Damages American Competitiveness (11/30/06) - Cato Institute
"Rules governing U.S. public markets are driving businesses to overseas exchanges and private sources to raise money, damaging the competitiveness of the American capital markets, a high-profile group of CEOs and academics, including a former economic adviser to President Bush, said today," reports MarketWatch.

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