Meticulously tweak corporate governance
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India, April 9 -- Cliched though it sounds, financial scandals the world over highlight the ever-growing importance of corporate governance. In the backdrop of future scandals, the focus will be on governance issues - especially transparency and disclosure, control and accountability - and upon the most appropriate form of board structure that may be capable of preventing such scandals. The global financial crisis has brought to the fore the relevance of a sound corporate governance system as an essential element of effective risk-management. Though not the only cause, governance failings are significant where boards fail to understand and manage risk. The crisis highlights the need to develop more effective approaches to corporate govern...
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