Speaking recently at the International Corporate Governance Network Annual Conference in London, Deloitte Touche Tohmatsu CEO William Parrett called on national regulators to convene a special summit before the end of the year with the goal of developing a more uniform global regulatory environment. “In an ideal world, a global regulator would be the answer to greater consistency, but this would be difficult to achieve.” Parrett said. “At a minimum, it would require sovereign states to cede to a global body its right to regulate.”
Parrett recently took some time out of his schedule to speak with Compliance Week correspondent Stephen Taub about his “global regulator” proposal, as well as his thoughts about Sarbanes-Oxley, the rising costs of audits, the Parmalat lawsuit, and many other issues. This week we present Part II of a two-part interview. Click here for Part I of the interview.
