Center for Capital Markets Releases Letter To Increase Number of Public Companies
The Center for Capital Markets released a letter dated August 22, 2017 addressed to the Treasury Secretary setting out suggestions on how to increase the number of public companies.
The suggestions include:
Extending the Title I JOBS Act on-ramp accommodations from five to ten years for EGCs and reviewing the EGC definition;
Making the JOBS Act accommodations available to all issuers, not just EGCs;
Modernizing the Sarbanes-Oxley internal control over financial reporting requirements;
Modernizing securities disclosure requirements;
Addressing the rules related to shareholder proposals and regulating proxy advisory firms;
Promoting equity market structure changes that enhance liquidity for EGC and small cap stocks; and
Incentivizing research coverage.
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