Holding Foreign Company Accountable Act Definition
Holding Foreign Company Accountable Act
DEFINITION
The Holding Foreign Company Accountable Act is a disclosure requirement for companies that are publicly listed on an American stock exchange. Is the foreign company owned or controlled by a foreign government. Noncompliance triggers mandatory delisting. The Sarbanes-Oxley Act amendment requires the Security and Exchange Commission to conduct accounting oversight.
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Terri J Lee S.
Arizona Member
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