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Sarbanes-Oxley News & Developments
GM Finance Chief Rails at SarboxIncreased red tape will make it hard for private companies to go public .
> > General Motors CFO John Devine said that regulation under the Sarbanes-Oxley Act has gone too far. Devine agrees there should be legal reaction to past abuses but he also said, "we frequently go overboard. That can result in reduced competitive position." The Sarbanes-Oxley Act will make private companies less likely to attempt to go public.
Source: CFO
Published:2004-03-10
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