Final answer:
False. The movement to improve corporate governance has grown globally.
Step-by-step explanation:
False. The movement to improve corporate governance has not just grown in the United States, but also in other parts of the world. In fact, corporate governance reform has become a global phenomenon.
Examples of corporate governance reforms in other parts of the world include the United Kingdom's Cadbury Report in 1992, which led to the establishment of the UK Corporate Governance Code, and the European Union's Directive on Shareholder Rights in 2007.
Overall, the movement to improve corporate governance is not exclusive to the United States and has gained traction internationally.