Corporate governance

Author:

Alkhafaji Abbass F.

Abstract

PurposeThe purpose of this paper is to evaluate recent corporate failures and their effect on financial statements, as well as the measures being taken to rebuild trust in corporate America.Design/methodology/approachLooks at how corporate governance in the USA is undergoing comprehensive reforms, particularly the significant Sarbanes‐Oxley Act.FindingsMeasures to rebuild trust in corporate America are being implemented.Originality/valueThe paper is of value by showing how the Sarbanes‐Oxley Act is by far is the most important legislative act governing business in the beginning of the twenty‐first century.

Publisher

Emerald

Subject

General Business, Management and Accounting,Business and International Management

Reference18 articles.

1. Akin, G., Strauss, H. and Feld, L.L.P. (2002), “Corporate governance alert”, available at: www.akingump.com/docs/publication/480.pdf (accessed September 1, 2006).

2. Alkhafaji, A.F. (1989), A Stakeholder Approach to Corporate Governance: Managing in a Dynamic Environment, Greenwood Press, Westport, CT.

3. Alkhafaji, A.F. (2001), Corporate Transformation and Restructuring, Quorum Books, Westport, CT.

4. Atkins, P.S. (2003) Speech by SEC Commissioner: recent experience with corporate governance in the USA, from US Securities and Exchange Commission, June 26, available at: www.sec.gov/news/speech/spch062603psa.htm (accessed September 1, 2006).

5. Berle, A.A. and Means, G.C. (1932), The Modern Corporation and Private Property, Macmillan, New York, NY.

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