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SOX
by leon on March 1, 2006

All this is hardly surprising with $14 billion being spent to date on Sarbanes-Oxley compliance according to AMR Research estimates. Spending on SOX technology is expected to be up 28 per cent this year.
All this adds momentum for the moves to unwind SOX, even if the costs are a pittance compared to the money companies are paying their CEOs, according to former Securities and Exchange Commission chairman Richard Breeden.
"The cost of 404 in the aggregate, from every single public company, is probably one ten-millionth of the cost of executive compensation. I don't hear anybody saying we should get rid of executive compensation."
Permalink: No Sox For Directors
Tags:
Korn/Ferry
International
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Mr Wong
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