A panel of academics and executives, including those from mutual fund companies, has been formed to assess the impact of regulation on the competitiveness of U.S. businesses, The New York Times reports.
Hal S. Scott, a
The group will consider whether laws should be changed to reduce civil and criminal liabilities for companies and their directors and auditors, and scrutinize whether the
In particular, the panel will look at the Sarbanes-Oxley Act, which, many have noted, has caused foreign companies to avoid listing their securities in the U.S. The panel plans to have an interim report as early as November.