Corporate governance: The evolution of the Sarbanes‐Oxley Act and its impact on corporate America

Purpose - The purpose of this paper is to evaluate recent corporate failures and their effect on financial statements, as well as the measures being taken to rebuild trust in corporate America. Design/methodology/approach - Looks at how corporate governance in the USA is undergoing comprehensive ref...

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Bibliographic Details
Published in:Competitiveness review 2007-01, Vol.17 (3), p.193-202
Main Author: Alkhafaji, Abbass F
Format: Article
Language:English
Subjects:
Accounting
Boards of directors
Business failures
Corporate governance
Corporate raiders
Decision making
Directors
Executive compensation
Financial reporting
Financial statements
Impact analysis
Institutional investments
International finance
Legislation
Public Company Accounting Reform & Investor Protection Act 2002-US
Stakeholders
Stock exchanges
Stockholders
Studies
Citations: Items that this one cites
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Description
Summary:Purpose - The purpose of this paper is to evaluate recent corporate failures and their effect on financial statements, as well as the measures being taken to rebuild trust in corporate America. Design/methodology/approach - Looks at how corporate governance in the USA is undergoing comprehensive reforms, particularly the significant Sarbanes-Oxley Act. Findings - Measures to rebuild trust in corporate America are being implemented. Originality/value - The paper is of value by showing how the Sarbanes-Oxley Act is by far is the most important legislative act governing business in the beginning of the twenty-first century.
ISSN:1059-5422
2051-3143
DOI:10.1108/10595420710833598