CG debate: A schism has emerged between the US and UK approach. In the US, corporate governance now enforced by regulation and the rule of law (SOX). In the UK and many other jurisdictions corporate governance is by self-regulation and voluntary compliance with CG codes. Compare and contrast these two CG approaches. Which, if either, is likely to prevail in the long term? Briefly give your thought this question.

CG debate: A schism has emerged between the US and UK approach. In the US, corporate governance now enforced by regulation and the rule of law (SOX). In the UK and many other jurisdictions corporate governance is by self-regulation and voluntary compliance with CG codes. Compare and contrast these two CG approaches. Which, if either, is likely to prevail in the long term? Briefly give your thought this question.