November 08, 2006
Wow! What a Night!
It seems that the American public has spoken on Iraq and a general disgust with the political atmosphere and conduct in both houses of congress. While the rout in the House of Representatives was expected, the 50/50 situation in the Senate was a little surprising.
This will be really interesting to see how various issues proceed at this time. Do the Dems have a plan for so many issues they have taken the GOP to the woodshed over? You have to give them credit for a comprehensive campaign to get the message and vote out.
The Clinton team Carville/Begala were hard at work dispensing one message: "It is Iraq, Stupid!".
Nancy Pelosi, the new Speaker of the House promises reform. Now they may have the opportunity to get that done. But will the Dems have the capability to overcome possible presidential vetos on bills unpopular with President Bush?
How will issues such as Sarbanes-Oxley fare? The Dems say they want to route out corruption. You may want to give your head a shake before you let public companies off the hook on SOX. Restatements are at an all time high and corruption is a subject in business these days not just politics.
So before you side with whining business leaders who are making bales of money these days, you may want to look at corruption on Wall Street first. There are many reasons why companies choose to list on other markets:
1. Cost of fees
2. Low standards
3. No minimums on market cap or stock price
4. Other regulations
5. Listing on your own home market
The US has led in the past on high standards. The stats support the US markets are the best in the world with the most liquidity, market faith and uptick on value. So before you throw the baby out with the bath water, let the SEC and PCAOB do their work.
SOX is working. Filter out some of the white noise and do what is right. Do not be so anxious to win in 2008 that you sell your souls!
If your company is public in the US or Canada and wants to comply with Sarbanes-Oxley or MI 52-109 cost effectively, see http://www.issuescentral.com/ to learn more about Compliance Playbook®. For companies based in Canada listed on Canadian or US exchanges, see http://www.compliancepartner.ca/ to learn more about Compliance Partner(tm).
This will be really interesting to see how various issues proceed at this time. Do the Dems have a plan for so many issues they have taken the GOP to the woodshed over? You have to give them credit for a comprehensive campaign to get the message and vote out.
The Clinton team Carville/Begala were hard at work dispensing one message: "It is Iraq, Stupid!".
Nancy Pelosi, the new Speaker of the House promises reform. Now they may have the opportunity to get that done. But will the Dems have the capability to overcome possible presidential vetos on bills unpopular with President Bush?
How will issues such as Sarbanes-Oxley fare? The Dems say they want to route out corruption. You may want to give your head a shake before you let public companies off the hook on SOX. Restatements are at an all time high and corruption is a subject in business these days not just politics.
So before you side with whining business leaders who are making bales of money these days, you may want to look at corruption on Wall Street first. There are many reasons why companies choose to list on other markets:
1. Cost of fees
2. Low standards
3. No minimums on market cap or stock price
4. Other regulations
5. Listing on your own home market
The US has led in the past on high standards. The stats support the US markets are the best in the world with the most liquidity, market faith and uptick on value. So before you throw the baby out with the bath water, let the SEC and PCAOB do their work.
SOX is working. Filter out some of the white noise and do what is right. Do not be so anxious to win in 2008 that you sell your souls!
If your company is public in the US or Canada and wants to comply with Sarbanes-Oxley or MI 52-109 cost effectively, see http://www.issuescentral.com/ to learn more about Compliance Playbook®. For companies based in Canada listed on Canadian or US exchanges, see http://www.compliancepartner.ca/ to learn more about Compliance Partner(tm).
