Overview
This section explores the legal foundations of corporate governance, emphasizing the role of law in ensuring transparency, accountability, and stakeholder protection. Legal frameworks establish guidelines for corporate behavior, promoting ethical practices and reducing fraud. Key regulations, such as the Sarbanes-Oxley Act and the Cadbury Report, provide standards for governance. International standards, including OECD principles, help harmonize practices globally. Additionally, emerging markets face unique challenges but are making strides in improving governance through reforms and international support, enhancing investment and economic growth.
Last modified: Friday, 18 October 2024, 3:17 PM