linking INTEGRITYIntegrity - use of values or principles to guide action in the situation at hand.Below are links and discussion related to the values of freedom, hope, trust, privacy, responsibility, safety, and well-being, within business and government situations arising in the areas of security, privacy, technology, corporate governance, sustainability, and CSR. Corporate Governance: Startups feel 'chill' of U.S. act, 12.1.04
Will big-name public companies to revert to private life?
By Scott Foster, Ottawa Business Journal Staff Mon, Jan 12, 2004 12:00 AM EST New corporate governance rules will drive down the number of companies that go public and even prompt big-name public companies to revert to private life, an Ottawa legal expert predicts.
The American Sarbanes-Oxley Act, or SOX, will put 'a big chill' on this year's initial public offerings, said Geoffrey Gilbert, a lawyer at Ogilvy Renault and formerly with Torys LLP in New York.
'The burdens of being a public company in 2004 are tremendous,' he said, citing the compliance requirements of the act as a huge deterrent for startups looking to go public. 'The compliance costs get larger and larger and these are costs that don't make the company any money.'
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