Corporate Governance is a fiendishly difficult topic to pin down. It’s incredibly broad, and perhaps that’s why it seems to be the subject of so much discussion and generates a very large volume of academic research. From a regulator’s point of view, we have everything from the types of voluntary codes pioneered by Sir Adrian Cadbury in the UK 25 years ago to the hard law of the type exemplified by the Sarbanes Oxley Act in the US 15 years ago. And lots of different rules and practices in between.
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