The Securities and Exchange Commission's advisory committee on smaller public companies has published a series of questions to solicit public input from investors and companies on ways to improve the current regulatory system for smaller companies and to examine the impact of the Sarbanes-Oxley Act of 2002.
At the committee's request, the SEC has posting the questions on its Web site, www.sec.gov/cgi-bin/acspc-questions. Interested parties are encouraged to respond by Aug. 31, either via the Web site or by sending written responses to an address located on the Web site. The committee will consider this information in making its recommendations, and said that there is no specific cut-off in determining the size of a smaller public company.
"The committee has done an outstanding job identifying vital areas for discussion and potential enhancement of the regulatory framework for smaller public companies," said acting SEC chair Cynthia A. Glassman in a statement.
The SEC established the advisory committee in December 2004 to examine the impact of federal securities laws on smaller public companies, with a goal of assuring that the costs and burdens of regulation are commensurate with the benefits to investors and the public. The co-chairs of the committee are Herbert S. Wander and James C. Thyen. The committee will develop recommendations for the SEC and issue a final report by April 2006.
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