Friday, September 09, 2005
Power struggle set to delay EU Sarbox
Europe’s version of Sarbanes-Oxley could effectively be adopted later this month by law-makers, but concerns are growing that a long-running power struggle between the two main EU bodies could result in delays.
The European parliament is expected to approve the EU’s eighth directive on company law, which beefs up corporate governance and auditor responsibilities, at a plenary session in the last week of September.
But an unresolved political issue over who controls how these rules are put into practice could yet throw a spanner in the works.
posted by Brian Moran @ 9:19 AM