Regulators, Industry Reach SOX Compromise
Regulators and insurance industry representatives appear close to a compromise on a formula that would impose Sarbanes-Oxley Act corporate governance rules on mutual insurers.
"We are coming down to the home stretch with this proposal," said David Steier of the Property Casualty Insurers Association of America. "And while work must be done before the solution can be realized, we are pleased with the substantial progress made thus far."
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