The purpose of this Sarbanes Oxley – Corporate Governance Issues component is to provide an overview of the key issues that management should be considering when trying to achieve compliance with the stringent Sarbanes Oxley requirements. A governance system is based on a legal and regulatory framework creating a stable and reliable basis for fair business dealing based upon best practices. The legal and regulatory framework varies from country to country and will therefore create divergences in terms of best practices to be applied to corporations and their dealings with each other, their investors and the public.