If only Ken had kept quiet. When London Mayor Ken Livingstone visited New York recently he was asked his plans for London’s economy, to which he replied “Sarbanes-Oxley”. But alas New York Mayor, Michael Bloomberg, was listening.
According to an article in today’s Independent, business leaders in the US are becoming more frustrated over the Sarbanes-Oxley regulations, and now Mr Bloomberg has retained management consulting firm, McKinsey, to report on what New York needs to do to retain its number one spot. It’s believed the Sarbanes-Oxley regulation will come under the spotlight in the report.
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