Last Friday a number of you attended WorldCom whistle-blower Cynthia Cooper’s lecture on ethics and corporate governance.  Her discovery helped pass the 2002 Sarbanes-Oxley Act, which vastly enhanced the financial controls and oversight at publicly traded companies.  This past Fall quarter several of you also took Professor Carr’s Legal and Regulatory Enviroment of Business course, where guest speaker and OCOB law professor Eddy Quijano also spoke at length on the topic of corporate governance. 

Ironically, in 2001 China had its own Enron style corporate scandal.  What does a Google search reveal as some of the corporate governance issues that China is currently grappling with?  Moreover, in your view are international corporate goverance standards diverging, or, as Thomas Friedman argues in his book (”The World is Flat”) converging, and how/why?  Discuss.