International governance SU2 Flashcards
1
Q
US corporate governance
A
- undertaken at state level
- rule based (comply or face the law)
2
Q
Sarbanes-Oxley Act 2002
A
- introduced after the Enron collapse
- more stringent control
- redefined role of audit committee
- more extensive corporate disclosures
3
Q
Dodd-Frank Wall Street reform Act 2010
A
- made financial system more transparent and accountable
- prevents institution from becoming too big to fail
- end government bailouts funded by tax payers
- ends risky, abusive financial service practices
4
Q
EU corporate governance
A
- two their boards in Northern Europe, unitary in the south
- ‘insider model’ - stakeholder representation
- diverse groups recognised- eg. employee representation
