CHAPTER 3: CORPORATE GOVERNANCE
Sarbanes-Oxley
The Sarbanes-Oxley Act of 2002 (SOX), introduced in the United States in the aftermath of Enron, has important IT governance implications for listed American companies, their foreign subsidiaries and foreign companies that have US listings. It applies to all Securities and Exchange Commission (‘SEC’)-registered organizations, irrespective of where their trading activities are geographically based. Compliance is mandatory and there are significant potential sanctions for individual directors.
While the Act lays down detailed requirements for the governance of listed corporations, the three highest ...
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