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- Title
USA.
- Abstract
The article reports on certain new developments in the field of commerce in the United States. An American Bar Association (ABA) committee has been convened to examine whether provisions of the ABA's "model" business law addressing director elections should be updated. The U.S. Chamber of Commerce stepped up its backlash against recent and proposed corporate governance reforms by filing a friend-of-the-court brief in support of Siebel Systems, which is fighting accusations by the Securities and Exchange Commission that it violated Regulation Fair Disclosure. Foreign firms with secondary listings in the U.S. have argued that the compliance costs of the Sarbanes-Oxley Act, which apply to firms with more than 300 U.S. shareholders, outweigh the benefits of a dual listing.
- Subjects
UNITED States; COMMERCE; AMERICAN Bar Association; CHAMBER of Commerce of the United States of America; COMMERCIAL law; CORPORATION law
- Publication
Corporate Ownership & Control, 2005, Vol 2, Issue 3, p112
- ISSN
1727-9232
- Publication type
Article