The Appraisal of Comparative Africa Corporate Governance Standards after Financial Crisis, Corporate Scandals and Manipulation

2013 ◽  
Author(s):  
Dinh Tran Ngoc Huy
Keyword(s):  
Corporate Governance ◽  
Financial Crisis ◽  
Corporate Scandals

The SOX and Dodd-Frank Acts—Modern Federal Corporate Governance Initiatives

2018 ◽  
Author(s):  
Marc I. Steinberg
Keyword(s):  
Corporate Governance ◽  
Financial Crisis ◽  
Codes Of Ethics ◽  
Audit Committees ◽  
Federal Law ◽  
Wall Street ◽  
Corporate Scandals ◽  
Consumer Protection Act ◽  
Sarbanes Oxley ◽  
The 2008 Financial Crisis

In response to several corporate scandals, the Sarbanes-Oxley Act of 2002 (SOX) implemented substantive corporate governance mandates that were adopted as federal law. It focused on restoring financial disclosure transparency and revitalizing investor confidence in the financial markets’ integrity. A few years thereafter, the 2008 financial crisis precipitated the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). This Act aimed at forestalling another financial crisis through enhanced corporate governance regulation and placing meaningful restraints on undue risk-taking conduct. The chapter focuses on several key provisions of the SOX and the Dodd-Frank Acts, as well as SEC rules and regulations promulgated thereunder. Among these provisions as covered in this chapter are: CEO and CFO certifications, audit committees, executive clawback provisions, director independence, nominating and corporate governance committees, codes of ethics, corporate governance disclosures, say-on-pay and golden parachute provisions, loans to insiders, and equitable relief.

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