Survey: ADR Issuers Complying With Sarbanes-Oxley Governance Standards
Broadgate Capital Advisors LLC and The Value Alliance working together with The Bank of New York conducted a survey of ADR issuers' views on certain corporate governance matters. The 143 respondents represented companies headquartered in 43 different countries with market capitalizations predominately in excess of $500 million.
The survey found that ADR issuers are complying with Sarbanes Oxley corporate governance standards, and generally view the strict regulations as a positive market development.
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