Law and Government White Papers
Going Private: A Reasoned Response to Sarbanes-Oxley?
Overview Many financial intermediaries and legal advisors are encouraging their clients to consider exiting the public system to reduce regulatory, economic, and other burdens. In today's economic and legal climate, a company's board may well have a fiduciary obligation to consider all of the foregoing. Neither opting-out nor going private, however, is a universal panacea. In addition to the time, expense, and scrutiny incurred, even companies successfully completing a transaction may effectively remain subject to significant regulatory and governance obligations regardless of whether they are public or private. Upon reasoned reflection, therefore, it is not surprising that so few transactions returning public issuers to private status have actually occurred.
| Publisher | Kahn Kleinman | File Format | PDF, requires Acrobat Rdr 5 |
|---|---|---|---|
| Date Published | September 2004 | Downloads | 127 |
| Format | White Papers | ||
| Topics | |||
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