Centre for Research in Corporate Governance
Corporate governance has come into focus over the last few years, with most countries and international bodies adopting corporate governance codes and frameworks.
All too often, this led to compliance with the letter rather than the spirit of the code. This, in turn, led to corporate disasters such as Enron, Global Crossing and WorldCom, not to mention the financial crisis of 2008. Key stakeholders found themselves questioning the role of the non-executive directors and the audit committee.
Thus there are increasing pressures for organisations to commit to more rigorous corporate governance values.