November 28, 2006
Spitzer Shines a Bright Light on the Truth!
This blog has been consistently shining a bright light on the facts concerning Sarbanes-Oxley, IPO's and appropriate regulations.
Interestingly enough, Elliot Spitzer came out yesterday and backed the truth around regulation, corruption and Sarbanes-Oxley.
An excerpt from the Financial Times, is here:
"Eliot Spitzer, New York’s governor-elect, has hit out at efforts by figures in the Bush administration and business to roll back corporate accountability reforms imposed in the wake of financial scandals such as Enron.
In an interview with the Financial Times, the outgoing state attorney-general, who won fame for tackling corruption in the financial services industry, said diluting such reforms would be “counterproductive” and would fail to tackle the reasons US businesses are falling behind.
“The argument that we are failing in competitiveness because of regulations is incomplete,” Mr Spitzer said. “We’re failing in competitiveness because of failed business models and the lack of smart investment in technology. General Motors is not failing because of regulations but because it hasn’t produced good products....“The lesson of competitiveness is critical but let’s not forget the lessons of integrity,” he said. "
So here is a top-notch attorney who is not really likeable but definitely has guts to pursue the toughest people with real money behind them.
He speaks the truth! There is no turning back. The covers have been pulled back and what is underneath is not too attractive. Transparency is the right way to go. The investing public deserves it.
Hey Elliott, are you running for Prez in '08 already?
If your company is listed on US or Canadian exchanges and needs to comply with the requirements of Sarbanes-Oxley Section 404 and/or MI 52-109 cost effectively, see http://www.issuescentral.com/ to learn more about Compliance Playbook®. For companies headquartered in Canada and listed on Canadian or US exchanges, go the website of our exclusive Canadian distributor, Thomson Carswell, http://www.compliancepartner.ca/ to learn more about Compliance Partner(tm).
Interestingly enough, Elliot Spitzer came out yesterday and backed the truth around regulation, corruption and Sarbanes-Oxley.
An excerpt from the Financial Times, is here:
"Eliot Spitzer, New York’s governor-elect, has hit out at efforts by figures in the Bush administration and business to roll back corporate accountability reforms imposed in the wake of financial scandals such as Enron.
In an interview with the Financial Times, the outgoing state attorney-general, who won fame for tackling corruption in the financial services industry, said diluting such reforms would be “counterproductive” and would fail to tackle the reasons US businesses are falling behind.
“The argument that we are failing in competitiveness because of regulations is incomplete,” Mr Spitzer said. “We’re failing in competitiveness because of failed business models and the lack of smart investment in technology. General Motors is not failing because of regulations but because it hasn’t produced good products....“The lesson of competitiveness is critical but let’s not forget the lessons of integrity,” he said. "
So here is a top-notch attorney who is not really likeable but definitely has guts to pursue the toughest people with real money behind them.
He speaks the truth! There is no turning back. The covers have been pulled back and what is underneath is not too attractive. Transparency is the right way to go. The investing public deserves it.
Hey Elliott, are you running for Prez in '08 already?
If your company is listed on US or Canadian exchanges and needs to comply with the requirements of Sarbanes-Oxley Section 404 and/or MI 52-109 cost effectively, see http://www.issuescentral.com/ to learn more about Compliance Playbook®. For companies headquartered in Canada and listed on Canadian or US exchanges, go the website of our exclusive Canadian distributor, Thomson Carswell, http://www.compliancepartner.ca/ to learn more about Compliance Partner(tm).
