SOx is working: US corporates top governance table for first time

Since the enactment of the Sarbanes-Oxley Act US companies have become the best for corporate governance in the world.

Since the enactment of the Sarbanes-Oxley Act US companies have become the best for corporate governance in the world.

Governance Metrics International (GMI), a corporate governance research and ratings agency, says that since its first report in December 2002 US companies have improved by over 10%, leapfrogging the UK and Canada into first place.

The average rating for a US company has risen from 6.5 to 7.2 in the last two years, and of the 26 corporates awarded a perfect 10 this year by GMI, 20 are American.

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