Scaling back Sarbox

The appointment of a blue ribbon panel to review Sarbanes Oxley and the overall US regulatory framework is laudable. It has the potential to enhance the strength of American capital markets while maintaining corporate accountability. It is a clear priority of Treasury Secretary Hank Paulson, who said last month that «often the pendulum swings too far and we need to go through a period of readjustment» that leads to «regulatory balance». Some low-hanging fruit stands out. In particular, Section ...