Principles Underpinning Corporate Governance

Corporate governance has been on the agenda of policymakers and practitioners for quite a long time; particularly in the early 2000s, following a number of high-profile corporate failures, such as Enron and WorldCom, partially due to shortcomings in the governance of these entities. Kirkpatrick (2009) points out that the global financial crisis of 2007 – 2008 brought to light, some of the failures and weaknesses, in corporate governance arrangements.  Such as:


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