NYSE chief attacks Aim
0 Comments Published by claudia January 31st, 2007 in SOX, Europe Tags: aim, corporate governance standards, davos switzerland, john thain, london stock exchange, lse, nasdaq, new york stock, new york stock exchange, nyse, sarbanes oxley, world economic forum.The head of the New York Stock Exchange has launched a blistering attack on the lack of regulation surrounding the London Stock Exchange’s junior Aim market.
John Thain, chief executive of the NYSE, criticised the junior market for its lack of corporate governance standards. Mr Thain, speaking at the World Economic Forum in Davos, Switzerland, said he felt Aim “did not have any standards at all and anyone could list”.
Although he believed it was beginning to change its approach, he added that London “had to be careful not to damage its reputation by allowing in companies that are not well run”.
He also said that he felt that neither the LSE’s Official List nor Aim had such a strict approach to corporate governance as his own NYSE or Nasdaq, which is currently trying to buy the LSE. Many in London do not want an American takeover because they fear overly-stringent regulations, such as Sarbanes-Oxley, may be forced to apply to UK-quoted companies.
 (No Ratings Yet) Loading ... |
 EMail This |
Print This Post |
Search
About
You are currently browsing the SOX Center weblog archives for davos switzerland.
Categories
- Accounting rules (97)
- As2 (1)
- AS5 (4)
- Asia (21)
- Company News (33)
- Conferences (8)
- coso (1)
- Europe (41)
- FEI (2)
- M&A (3)
- News (151)
- North America (124)
- paper (8)
- PCAOB (25)
- Sarbox (75)
- SEC (98)
- Section 404 (122)
- small business (23)
- SOX (228)
- SOX Automations (3)
- Study (15)
- Uncategorized (21)
- White paper (2)
Highest Rated Entries
(5 out of 5) (5 out of 5) (5 out of 5) (5 out of 5) (5 out of 5) (5 out of 5) (5 out of 5) (5 out of 5) (5 out of 5) (5 out of 5)
