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Nasdaq Stock Market on Thursday named former Rep. Michael Oxley as a non-executive vice chairman of the world's largest electronic exchange to oversee the Nasdaq's relations with its listed companies and advise it on public policy issues.
In an interview with CNBC's Dylan Ratigan, Oxley said that he wants "to be an ambassador for Nasdaq, with their listed companies".
Oxley, an Ohio Republican who served 25 years in Congress, was one of the main drivers behind corporate reform laws. The Sarbanes-Oxley Act, passed in 2002 in the aftermath of accounting scandals at companies including Enron and Worldcom, imposed tough new standards on public companies.
The Nasdaq and New York Stock Exchange have in the past criticized the Sarbanes-Oxley Act for making it too difficult for companies to do business in the U.S. In some instances, the exchanges believe it is a deterrent for foreign companies to list here.
- The show attracts a big TV audience every year, but this year it may take on even more importance.
- …you'll want to be prepared. Tips for getting the most out of the post-Thanksgiving shopping frenzy.
- Congressman Ron Paul explains to Squawk Box why he’s pushing legislation to audit the Federal Reserve.
- CNBC’s Phil LeBeau took a test drive of GM’s flagship electric car. Here’s what he thought of the Volt.
- The energy company Power Efficiency is building tools that regulate the power electric motors use.
- CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.












