Most investors applaud recently instituted reforms intended to prevent corporate abuse, however they express deep reservations about the costs to implement them, according to a poll of institutional investors conducted in February by Broadgate Consultants LLC. In addition, with bonuses soaring for CEOs at the nation's top corporations, investors also believe that transparency surrounding executive compensation is not sufficient and should be improved.

An overwhelming majority (83 percent) of the 105 institutional analysts and portfolio managers from across the U.S. responding to the survey, which covered a range of capital markets issues, say that the new rules relating to auditor testing and certification of companies' internal financial controls, required under Section 404 of the Sarbanes-Oxley Act of 2002, should be modified to make compliance more cost-effective.

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