SOX in India
Not everything that works in developed countries works in developing countries, but here is an example of the reverse – while the Sarbanes–Oxley (SOX) Act might not have had the expected impact in the U.S., similar reforms have had a positive impact in India, including on the share prices of Indian companies.
These governance reforms could have net benefits in a poor-governance country, like India, but net costs for companies that are already well-governed, like the U.S.
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I am not sure if India can be called a poor governance country when it comes to corporate governanace, simply because in India most of the times, the majority/largest shareholder is himself/ relative of the chief executive.
Posted by: Sumeet Kaul | Jun 1, 2007 7:53:12 AM
The " Doing Business in 2007" contains serious errors about India. Despite several reminders and documantary evidences, The World Bank refuses to rectify apparent errors.
Is is arrogance or dictatorship. Are people of the world paying for such inefficiency, arrogance and dictatorship.
Where are the standards of transparency. Do World Bank have moral right to preach honesty and transparency to other nations.
I feel transpareancy International should carry out special report on World Bank.
Posted by: Subhash Parakh | Jun 5, 2007 3:17:39 AM