Market vs. regulatory responses to corporate fraud: A critique of the Sarbanes-Oxley Act of 2002

From: Journal of Corporation Law | Date: October 1, 2002| Author: | Copyright information

The latter part of the 20th century saw a debate about the appropriate approach to regulating the corporation. The traditional view was that governance of the large corporation was and should be largely determined by government regulation. This approach seemed justified by the lack of an effectiv e means by which the shareholders could exert control over their ownership interests or the firm's governance terms. Under this view, as espoused by influential commentators such as the Columbian cartel (Adolf Berle,1 William Cary,2 and John Coffee3), the owners' powerlessness left managers with the ...

Read all of this article with a FREE trial to HighBeam Research

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

Flexible ACCA course for Diploma in Corporate Governance
; ...Flexible ACCA course for Diploma in Corporate Governance Edition: 2* CORPORATE governance has been often mentioned since the...organisations are realising the need for good corporate governance, the implementation of sound business...
Control, conflict and concession: corporate governance, accounting and accountability at Birmingham small arms, 1906-1933.
; ...historical perspective to the study of corporate governance. Corporate governance is concerned with the institutions that...Research on the historical evolution of corporate governance in the UK is still at an early stage...
CORPORATE GOVERNANCE IS KEY: INVESTORS' DEMANDS LEAD TO INCREASED CHANGES WORLDWIDE.
; ...has led to a sea change in corporate governance over the past year, says the...report on trends in global corporate governance. ``This has been a tidal wave year for corporate governance around the world,'' said Stephen...
Corporate Governance and its Role in Banking Sector
; Abstract Corporate governance is an instrument for strengthening...deals with various issues of corporate governance relating to its concept and...various committee issues of corporate governance in the Indian economy and...
Towards a Holistic Model of Corporate Governance
; Abstract Attention to corporate governance is largely motivated by...However, though the topic 'Corporate Governance' has gained worldwide...edges. The concept of corporate governance has got various dimensions...
The missing link in corporate governance.(risk manager's role in corporate governance)
; ...bankruptcies in history have made corporate governance an issue that will not go away...and regulatory hurdles to clear, corporate governance has become a critical topic of concern...poised to play a significant role. Corporate governance has become an issue for a growing...
In Search of Corporate Governance, THE MOSCOW TIMES
; ...vowed to improve Russia's dismal corporate governance record, often cited by foreign investors...who runs Gazprom] is the major corporate governance issue in Russia." Corporate governance, the catch-all phrase for treating...
Corporate Governance: Still Broke, No Fix in Sight
; ...itself, but public concern about corporate governance is spasmodic. When the stock market...reforms did not cure the ills of corporate governance, and there is little reason to think...lobby. The fundamental problem of corporate governance remains what it has always been...
From corporate governance to corporate responsibility: the changing boardroom agenda.
; For a time, good corporate governance and socially responsible...misconceptions abound about corporate governance, that it is about resolving...increasing public concern about corporate governance around the world. For example...
IFC, Hawkamah Corporate Governance Institute announce MENA corporate governance survey
; ...Finance Corporation and the Hawkamah Corporate Governance Institute, a subsidiary of the Dubai...announced the launch of a regional corporate governance survey as part of their combined...region achieve higher standards of corporate governance. International consultants, IAAG...