Wednesday, September 22, 2004 The recent reforms of corporate governance standards have been broadly accepted by senior business leaders worldwide, according to Corporate Reputation Watch (CRW), Hill & Knowlton's annual survey of global management on business reputation issues. According to the study, corporate leaders have overcome their initial misgivings about the potential administrative and financial burdens of complying with the requirements of the Sarbanes-Oxley era.Only eight percent of senior executives surveyed believe that the task of complying with the new financial disclosure and corporate governance standards poses a real challenge to running a competitive business, while almost half (45 percent) say the compliance burden is "heavy but manageable." Expressing no misgivings about the compliance requirements, 48 percent say that the burden is "reasonable." Moreover, almost two-thirds of those surveyed believe that it is no more difficult to recruit board members today than it was before the new governance reforms were adopted. Corporate Governance Reforms Manageable and Permanent, According to Global Survey of Senior Executives Previous articles Will Sarbanes-Oxley Compliance Leave a Hole in You...
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