"In what some call a worldwide corporate-governance movement, shareholders are pushing for stronger corporate-governance laws, teaming with investors from different countries....
'We've seen some dramatic changes,' says Stanley Dubiel, head of governance research at RiskMetrics Group, the largest U.S.-based proxy research firm, with offices in 50 countries. 'There's a strong desire on the part of many companies to attract capital from international investors...
[Later in the same article]
Dozens of countries are developing systems of watchdog corporate-governance and shareholder activism, with some modeling themselves after U.S. and United Kingdom governance practices or the Sarbanes-Oxley Act, the U.S. anti-fraud law passed after the Enron accounting scandal six years ago led to the demise of the company.South Africa, Italy and Japan, for instance, have recently beefed up their corporate-governance codes to strengthen shareholders' oversight '"
Monday, February 18, 2008
Corporate governance gets more transparent worldwide - USATODAY.com
Corporate governance gets more transparent worldwide - USATODAY.com: