SEC Chairman to Convene Roundtable of Former Chairs

Securities and Exchange Commission Chairman Christopher Cox announced that five former chairmen of the commission will join him for a roundtable discussion today.

Participants will include:

• William H. Donaldson, who headed up the SEC from 2003-05, and currently serves as chairman of Donaldson Enterprises;
• Harvey L. Pitt, who headed up the SEC from 2001-03, now the chief executive founder of Kalorama Partners;
• Arthur Levitt, who headed up the SEC from 1993-2001, now a senior advisor with the Carlyle Group;
• David S. Ruder, who headed up the SEC from 1987-89, the current William W. Gurley Memorial Professor of Law at Northwestern School of Law; and,
• Roderick M. Hills, who headed up the SEC from 1975-77, now a partner at Hills and Stern LLP.

The one-hour roundtable is scheduled to begin at 5 p.m. (ET) in Washington, and is open to the public. The event will also be Webcast live at www.sec.gov/news/otherwebcasts.shtml.The SEC and the Public Company Accounting Oversight Board are set to vote this week on the fate of proposed changes to the internal control provisions of the Sarbanes-Oxley Act. The revisions proposed by the regulators are largely concerned with lessening the financial impact of compliance with the law for small and midsized companies.