Dr. Rezaee Featured in New Book
For release: July 3, 2013
Dr. Zabihollah Rezaee, Thompson-Hill Chair of Excellence and Professor of Accountancy,
was recently published in a new book Legal Risk Management, Governance and Compliance. He contributed a chapter to this text entitled, “Sarbanes-Oxley Requirements and
the Implication of US Corporate Governance Controls-An Overview for Non-US Corporates.”
The book was published and released in London on May 30, 2013.
Dr. Rezaee’s chapter highlights that “The wave of financial scandals at the turn of
the 21st century and their persistence in recent years, coupled with the perceived
inadequacy of market correction mechanisms, significantly eroded investor confidence.
The Sarbanes-Oxley Act of 2002 and the Dodd-Frank Act of 2010 were enacted in efforts
to rebuild investor confidence and improve corporate governance, and the safety, integrity
and efficiency of the capital markets. More than 10 years after the passage of the
Sarbanes-Oxley Act and two years after the enactment of the Dodd-Frank Act, the efficacy
and sustainability of both acts have been challenged. This chapter discusses the regulatory
reforms enacted in the United States in the past decade; examines provisions of the
regulatory reforms and related implementation rules; addresses the global reach of
the regulatory reforms and related rules; and discusses the efficacy of the regulatory
reforms in terms of their expected benefits, compliance costs and sustainability”.