Tuesday, September 06, 2005

Ideoblog: Another fine mess Sarbox has gotten us into

The problem is that this provision, like the rest of Sarbox, applies to foreign-based US-listed companies and subsidiaries of US firms that operate in countries with laws about privacy, corporate data protection, and restricting anonymity. Today's W$J reports that these companies "are in a legal bind: If they set up whistle-blower hot lines in subsidiaries in France, and possibly elsewhere in Europe, they might run afoul of local laws. If they don't, they might violate Sarbanes-Oxley."

Ideoblog: Another fine mess Sarbox has gotten us into

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