I need to know how does corporate Governance apply to Public Canadian companies

Corporate Governance is a HUGE topic. Do you have a more specific question?

For example, in terms of auditing, there are new standards which require a greater degree of corporate governance and inspection, etc and new procedures and all.

Thank you for your reply.

I want to know how Corporate Governance apply in private and public companies of Canada. I have no idea at all, this is a totally new topic for me. How does "Sarbanes-Oxley" apply to Corporate Governance? Could you please just give me some hits?

SOX does NOT apply to Canadian public or private companies since SOX is a piece of US legislation.

The only time SOX applies to Canadian public companies, is if they also trade on an American stock exchange.

For example, Tim Horton's. Tim's trade's both on the TSE and the NYSE. Therefore, they are required to follow SOX for their trading on the NYSE. If they chose NOT to trade on the NYSE, they would NOT have to follow SOX.

Thanks a lot!
1. I think SOX is a two-side sword for Canadian companies. On the one hand, as
Many Canadian companies are listed in the U.S. stock exchanges, they have to
Follow the SOX, which means increased compliance costs. On the other hand, as
The Canadian legal environment is more friendly, we actually see more U.S. and
International companies will use the Toronto Exchange as an alternative for NYSE
And NASDAQ. By listing on the TSX, companies generally don't have to follow SOX,
Therefore, the legal and compliance costs are much lower.

Is that correct?

I need to know how does corparate Governance apply to Public Canadian companies
Q: I need to know how does corporate Governance apply to private and Public Canadian companies?

I am not sure the answers above are for the Original Question? If the person could make it more specific on question it might help al of us to answer the question.
Corporate Governing it self is complex and very broad subject.

For me Corporate Governance make more rules than vision to governing the body.
What we need is More Canadian Companies elaborate their vision to the world needs and standards in the corporate world.

Growth of the Canada Born Companies stimulate in the process of early age and declined along with their process too. That is why most of the companies ending at hand of AMERICAN or EUROPEON buyer for further development.

The rules make Canada private and public more traditional than moderate. If the Rules could change the face of the company? Rules needs broader vision and imagination too for bright success.