December 8, 2006
I understand that NASDAQ is redefining their listing product. This is a significant and positive action that will benefit three areas that are of great importance to promoting enlightened Corporate Governance. Enhancing the quality, communication, and control of Investor Relations, Regulatory Compliance, and Risk Management is good for companies and should increase the number of informed investors. Actions such as this will go a long way toward further strengthening the health of the capital markets and hence the US economy.
NASDAQ is to be commended once again for taking innovative and progressive actions that will certainly increase the level of service to their listees as well as to the investors in NASDAQ-listed companies. In addition, this action makes listing with NASDAQ a more attractive option – this in turn should foster greater competition among the SROs with concomitant benefits to companies and their investors.
Constantine Konstans, Ph.D., CPA, CMA, CIA, CFE
Professor of Accounting and Information Management
Executive Director, Institute for Excellence in Corporate Governance
School of Management
University of Texas at Dallas