NYSE takes aim at Sarbox for small companies

Jim Kim — Mon, 23 Jun 2008 08:48:32 -0400

Recall that NYSE Euronext inked a deal to buy its one-time rival--the American Stock Exchange, known as the curb--back in January. Last week, NYSE Euronext CEO Duncan Niederauer went to Washington, and made his case at the National Press Club that small and medium-sized companies should be exempt from Sarbanes-Oxley, reports Financial Week. He intends to lobby Congress soon. Niederauer also called for a conference of regulators and auditors to start discussing this. Sarbox may indeed be a big hurdle keeping companies from listing on the Amex, but it is a big-company issue as well. Large foreign companies still view the law as an impediment to listing, he says.

For more:
- here's the Financial Week article

GRC initiatives gaining, compliance still a must-do

Tue, 01 Apr 2008 07:59:59 -0400

We've discussed the idea that compliance initiatives can yield strategic benefits, if done right. A new survey from AMR Research seems to suggest that more companies are getting on board with this idea. Companies will spend more than $32 billion on governance, risk management and compliance (GRC) in 2008. That's an increase of 7.4 percent over 2007. Meanwhile, spending on Sarbanes-Oxley compliance is expected to grow only 2 percent to $6.2 billion. What to make of this? The fact is, that a lot of GRC investment relates to Sarbox compliance. Rather than a Sarbox-specific project, why not include the project as part of larger, more strategic, deployment? Risk-management, intimately related to Sarbox, is seen as a big driver behind the trend.

For more:
- here's the release

Related Articles:
CFOs face complex GRC software decisions. Article
Will the economy zap compliance issues? Article
GRC software seems to be rising. Article
Oracle aims for GRC eco-system. Article

governance risk management and compliance (GRC)

NYSE takes aim at Sarbox for small companies

GRC initiatives gaining, compliance still a must-do