What are the three most important improvements in the governance structure that could result from SOX?
There are many important improvements in the structures governance due to SOX act while establishing and development. The three important aspects of the governance would be to clarify the role, responsibilities, and competence. By clarifying the role of each individual in the company making sure that everyone is knows their role. The next step would be to ensure that everyone is help accountable, which means that they know their responsibilities. Finally would be competence making sure that the employees are able to handle situations that comes up. With SOX act is holding the companies and employees responsible so that no unethical practices take place.
What are the three most important improvements in the governance structure that could result from SOX?<