Sarbox turns five (without any fanfare)
Controversial corporate governance rules five years old
Over this time the lobby against the rules has grown with many companies
pulling out of US listings because of the stringent requirements under the act
and due to high compliance costs.
Most recently in June, three FTSE 100 heavyweights pulled out of US listings
in a seven-day period, these
being International Power, ICI and United
The US is now attempting to water down the rules.