Corporate governance refers to the system of rules, decision making processes, and internal guidelines that are intended to define the rules by which a company operates. Over the last 20 years we’ve heard numerous stories where poor corporate behaviour has led to catastrophic failure. Headlines of accounting scandals, fraudulent activity, and misappropriation were far too common and, in many cases, the consequences for stakeholders were severe. Accounting irregularities at WorldCom (2001), fraudulent activity involving undisclosed losses at Enron (2001), and the notorious collapse of Lehman Brothers (2008) are a few examples of poor governance.
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By Charles Marleau CIM® and William Mitchell CIM®
By Charles Marleau CIM® and William Mitchell CIM®
Click to Read Palos-Mitchell Report
By William Mitchell