Business groups like the U.S. Chamber of Commerce and the Business Roundtable are suggesting that the Securities and Exchange Commission take the sort of stance towards corporate America under Christopher Cox that they had expected under fellow Republican William Donaldson, also a Bush appointee.

The Chamber, which has pursued legal action to block the independent chairman rule, said its members want "fair and predictable" enforcement action from the SEC, according to a report in yesterday's Financial Times.

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