Likely effects of stock exchange governance proposals and Sarbanes-Oxley on corporate boards and financial reporting.

SYNOPSIS: single of the primary aims of the Sarbanes-Oxley Act of 2002 the novel York Stock Exchange, and the NASDAQ corporate governance proposals is to improve the reporting a whole s for publicly traded companies. Many of the exchange proposals redefine the composition and duties of firms' boards of directors and their compensation and nominating committees. Sarbanes-Oxley places of recent origin duties on audit committees and provides oversight and restraints upon public accounting companies. This paper describes many of the exchange proposals and lays them in their historical words immediately preceding [i]or[/i] following I also present the likely events of the new corporate governance proposals upon future boards ...