The U.S. Sarbanes Oxley Act 2002. "Big Brother is watching you" or adequate measures of Corporate Governance regulation?

Focusing on the evolution of corporate governance, the paper critiques the contrasting approaches taken by European countries and the U.S. in response to major scandals like Enron and WorldCom. It argues that the U.S. government's mandatory legislative actions are poorly designed and could lead to further economic issues. The author advocates for the withdrawal of these provisions and presents an evaluation of potential alternatives to improve corporate governance practices.