The 2002 Sarbanes-Oxley Act and actions by the stock exchanges:
A) limit the compensation that could be paid to CEOs.
B) increase the number of independent directors on corporate Boards.
C) provide uniform international accounting standards
D) none of the above

Question

Quizplus · Accepted Answer

The 2002 Sarbanes-Oxley Act increased the number of independent directors on corporate Boards as a means of increasing corporate accountability and oversight. The act did not limit CEO compensation or provide uniform international accounting standards. The actions taken by the stock exchanges also aimed at improving corporate governance, including requiring listed companies to have a majority of independent directors on their boards.

The 2002 Sarbanes-Oxley Act and Actions by the Stock Exchanges