The AccountingWeb reports that U.S. Multinationals Make Sweeping Changes in Corporate Governance.

The relationship between management and boards of directors at U.S. multinational companies has been changed dramatically through an array of corporate governance initiatives begun in response to corporate scandals, the Sarbanes-Oxley Act, and other requirements.

''Boards and audit committees at large corporations have responded actively to the call for change and have accomplished a lot,'' said Garrett Stauffer, of PricewaterhouseCoopers' U.S. corporate governance practice. "We expect the increased attention and focus on governance will continue."