A board’s indisposition to comply with good corporate governance is usually the result of selfish behavior
We are witnessing a period of ever-growing financial regulation and new governance rules aimed at promoting transparency and avoiding the failures of the past. The intention is to prevent the world being plunged into another financial crisis as a consequence of inadequacies in how companies are run.
[This article has been reproduced with permission from IMD, a leading business school based in Switzerland. http://www.imd.org]