Unfortunately, most seem to spend more time complaining about the new rules and regulations rather than getting on with following the rules. While Sarbanes/Oxley is a US law, it seems to be necessary to have rules, given that the voluntary approach has not seemed to work.
OAM
See Business Standard article:
Independent directors, audit committees or ethical guidelines hardly improve performance or prevent failures
As the subject of corporate governance becomes more relevant and important than ever before, we must not miss the woods for the trees. We must remember that many of the companies in the US which ran into big trouble, had all the corporate governance mechanisms in place, at least on paper.
See full Article
Posts
