Sarbanes-Oxley Act - Impact on Hong Kong and China companies

Those who view corporate misconduct as one of the causes of the United States economy's downturn hope the Sarbanes-Oxley Act of 2002 the Act will serve as s a bitter pill that might cure this presumed breakdown in the U.S. corporate governance environment. The objective of the Act is to enhance public trust in the integrity of financial reporting, partly through increased management accountability. The Act covers a broad range of governance matters, from financial statement certification to providing protection for whistleblowers. The Act's far-reaching implications to non-U.S. jurisdictions have raised concerns amongst government authorities, companies and certain industry groups.

Although many provisions of the Act still require further clarification, companies that are currently listed...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222