Corporate Governance Regulation

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Corporate governance - the administration, internal oversight, and executive actions of a corporation - has become a major regulatory issue. In the wake of accounting scandals at companies such as Enron, Tyco, and WorldCom, the U.S. Congress in 2002 passed the Public Company Accounting Reform and Investor Protection Act of 2002 (Sarbanes-Oxley Act).<ref>Sarbanes-Oxley Act of 2002. SEC. Retrieved on August 18, 2011.</ref>

The financial crisis of 2007-08 highlighted lax risk management, oversight, and accounting standards among financial entities. These problems have been blamed for the near-collapse of the financial system.<ref>The Corporate Governance Lessons from the Financial Crisis. OECD. Retrieved on August 18, 2011.</ref>

Regulatory bodies in the U.S., Europe, and Asia have all begun to implement changes in corporate governance of financial entities.

Corporate Governance and the Dodd-Frank Act[edit]

The Dodd-Frank Act is intended to reform the U.S. financial sector, curtail or mitigate systemic risks, and avoid a repeat of the financial crisis of 2007-08. Among its provisions are several mandates addressing corporate governance, including:

CFTC Rulemakings:

SEC Rulemakings:


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