Europe split over governance rules.

• Author: Marshall, Jeffrey
• Position: International - Brief Article

The Sarbanes-Oxley Act has some fans outside the U.S., but European finance professionals are least likely to favor new corporate governance rules, according to a survey by gtnews.com. Only 48 per cent of Western European respondents to the survey agreed that other jurisdictions should adopt regulations similar to Sarbanes-Oxley, compared to 59 percent of global respondents (North America, 67 percent; Asia-Pacific, 57 percent).

Respondents also believed that governance initiatives such as Sarbanes-Oxley would bolster best practices in the treasury department, but were less confident that such measures would...