″Comply or explain’ model of corporate governance is a unique feature of the UK corporate governance regime while the USA follows a more mandatory corporate governance regulation with the Sarbanes-Oxley Act. The supporters of the ‘comply or explain’ regime state that this regulation offers flexibility, while the supporters of the Sarbanes-Oxley Act state that mandatory rules improve compliance.” Critically discuss the above statement. -Make sure you identify and define what both ′Comply or explain′ and ′Sarbanes-Oxley Act is -you need to critically discuss and give examples about the UKs regime of ′comply or explain′ which offers flexibility against the USAs Sarbanes-Oxley Act which mandatory rules improves compliance. As well as other advantages and disadvantages of both whilst giving examples (compare and contrast both models).
Type of assignment: Essay