... countries shareholdershave to approve certain related party transactions contrary to the EU mandatoryregime established in the second company law directive. Increases in capitalin the US are approved ... adaptthe system, not to speak of the audit costs which have more than doubled as a result.American commentators maintain that the SOX 404 approach of annualassessment, attested to by the auditors, ... for maintainingeffective internal control, an annual assessment and audit against a detailed‘internationally recognised’ benchmark increases legal risk to an extent thatgoes far beyond what...