July 27, 2006
Hark! Going Private and No Mention of Sarbanes-Oxley
Yesterday, there was an interesting bit of news about Viacom going private. I waited. I watched. But No! Alas, I heard almost no mention of the dreaded monster Sarbanes-Oxley as the reason for going private.
Could it be that there are more reasons for going or staying public on US markets than Sarbanes-Oxley? No way!!
What could the reasons be? An excerpt from an article from Business Week says this "The attractions are twofold: money and freedom.
The pay can be outrageously good even at the entry levels; for CEOs, it can be spectacular.
The flexibility is alluring, too. In private equity there's less annoyance from the Sarbanes-Oxley Act, the controversial regulations passed in 2002 to police publicly held companies.
And many private CEOs will avoid the Securities & Exchange Commission's new proposal that would require the highest-paid executives at public companies to disclose their compensation in excruciating detail. (These rules and proposals still apply to companies that issue registered public debt.)"
For the complete article, click here.
Quite interesting. The whole ridiculous obsession with Sarbanes-Oxley causing a complete collapse in US markets, could be fading.....
If your company would like to expedite your Internal Controls over Financial Reporting Project, see www.issuescentral.com to learn more about Compliance Playbook(tm). In Canada, click www.compliancepartner.ca to learn more about Compliance Partner(tm).
Could it be that there are more reasons for going or staying public on US markets than Sarbanes-Oxley? No way!!
What could the reasons be? An excerpt from an article from Business Week says this "The attractions are twofold: money and freedom.
The pay can be outrageously good even at the entry levels; for CEOs, it can be spectacular.
The flexibility is alluring, too. In private equity there's less annoyance from the Sarbanes-Oxley Act, the controversial regulations passed in 2002 to police publicly held companies.
And many private CEOs will avoid the Securities & Exchange Commission's new proposal that would require the highest-paid executives at public companies to disclose their compensation in excruciating detail. (These rules and proposals still apply to companies that issue registered public debt.)"
For the complete article, click here.
Quite interesting. The whole ridiculous obsession with Sarbanes-Oxley causing a complete collapse in US markets, could be fading.....
If your company would like to expedite your Internal Controls over Financial Reporting Project, see www.issuescentral.com to learn more about Compliance Playbook(tm). In Canada, click www.compliancepartner.ca to learn more about Compliance Partner(tm).
