SOX's outside reach a model for foreign markets  
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SOX's outside reach a model for foreign markets

www.politico.com

When the Sarbanes-Oxley Act became law a half-dozen years ago, foreign companies threw a fit. Now, it’s increasingly a model, in principle at least, for corporate reforms around the world.

“You see markets as different as India and the European Commission taking a very close look at Sarbanes-Oxley,” said Anne Simpson, executive director of the International Corporate Governance Network, a group that advocates for greater shareholder rights on behalf of investors in 40 countries.

Indeed, some of the very aspects of Sarbanes-Oxley that have been the most criticized are also the most widely copied.

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