Pro-Sarbox propaganda from the government

The state department would like to remind foreign companies that there are benefits to Sarbanes-Oxley as well as costs. The pitch goes like this: Companies, especially from weak-oversight countries (you know who you are!), can show the U.S. and the world that they are world-class simply by complying. That can boost their standing in the markets and lower their capital costs. The State Department notes a study that suggests foreign firms can save money when they dual list shares on either the NYSE or Nasdaq and on a home-country exchange. These arguments are not wacky. In fact, one survey found more than 72 percent of Asian and 81 percent of Latin American firms believe the benefits out weight the costs. Not so in Europe, where nearly 20 percent of companies will consider delisting in the U.S.

> Here's the article from the U.S. State Department.