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Foreigners forced to play by US rules

The legislative push against corporate malpractice in the US looks set to place a burden on foreign companies listed there and might discourage others from joining them.

       
Martin Kauer
       
Bart van der
Steenstraten

Burdensome to US corporations but in line with clamour that they clean up their act, the Sarbanes-Oxley legislation sends a different message to foreign companies. In short, the new law seems to imply that the US neither wants nor needs them.

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