How does the Sarbanes Oxley Act affect foreign corporations, if at all?

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How does the Sarbanes Oxley Act affect foreign corporations, if at all?

Foreign countries tend to have less stringent laws than in the US for regulating ethics and standards. How does the Sarbanes Oxley Act affect foreign corporations, if at all? Discuss, in thoughtful detail, why these companies should or should not be entitled to be exempt from this rule?

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