Corporate Governance Standards in the United States for Foreign Private Issuers

On July 30, 2002, the Sarbanes-Oxley Act of 2002 (“Act”) came into force. The US Securities and Exchange Commission (“SEC”) subsequently issued several rules and regulations under the Act. In addition, at the urging of the SEC, the major US exchanges and trading markets adopted further significant corporate governance reforms for listed companies.

This article addresses the rules and regulations that have been issued or proposed. … [ Read more ]