A comparative analysis of post-Sarbanes-Oxley corporate governance developments in the US and European Union

Reviews the provisions of the Sarbanes-Oxley Act of 2002 (SOX) section 404 that have extraterritorial and burdensome effect; examines the European Union's reactions and perceptions of corporate governance regulation before and after the Enron scandal; considers the impact that the Parmalat corporate scandal had on European attitudes toward corporate governance regulation and consequent EU initiatives; explores underlying divergent views held by the US and Europe on how corporate governance issues are addressed; and describes the International Accounting Standards Board's parallel corporate governance regulatory recommendations as it seeks to adopt new standards designed to cerate uniform global financing rules.