After Sarbanes‐Oxley – what next?

Sarbanes‐Oxley has commanded headlines ever since President Bush signed it into law. Public companies have had to take a closer look at many of their governance processes, reporting and disclosure practices, and internal controls. Even private companies and not‐for‐profits have felt the need to actively demonstrate a commitment to improved governance for the benefit of their various stakeholders. The push toward greater disclosure has snowballed to the point where policymakers, standard setters, regulators, investors, exchanges and rating agencies want more information relating to governance, risks and internal control.