Sunday, August 04, 2002
corporate accountability law
What impact will the corporate accountability law signed by President Bush last week have on incorporations in Delaware? That's a question some people around the First State are asking. Will the auditing requirements be the first step towards a national incorporation system? Will Congress act again to preempt other areas of the law that have traditionally been controlled by the states? A nationwide system is unlikely for a number of reasons, including that many large businesses would be against such a system, and it would be a nightmare to administrate a transfer from state control to federal supervision. But, it does have us asking some serious questions here in Delaware.
Posted by William Slawski at 7:47 PM