Europe split over governance rules.The Sarbanes-Oxley Act See SOX. has some fans outside the U.S., but European finance professionals are least likely to favor new corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. rules, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a survey by gtnews.com. Only 48 per cent of Western European respondents to the survey agreed that other jurisdictions should adopt regulations similar to Sarbanes-Oxley, compared to 59 percent of global respondents (North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , 67 percent; Asia-Pacific, 57 percent). Respondents also believed that governance initiatives such as Sarbanes-Oxley would bolster best practices in the treasury department, but were less confident that such measures would restore investor confidence. Seventy-nine percent agreed that corporate governance initiatives would benefit treasury best practices, but only 43 percent expected Sarbanes-Oxley to restore confidence in U.S.-listed firms, including 44 percent of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. respondents. A majority of treasury and finance professionals appear to believe that additional measures, such as structural changes at the board level, are required. |
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