Question

Corporate governance in developing and transition economies

Answer 1

The third quarter of the 20th Century witnessed innumerable corporate failures, triggered by frauds and scams worldwide. The reasons for such failures went far beyond just corporate misgovernance. Company managements with the connivance of board members and auditors conspired to defraud their stakeholders, both internal.

Answer 2

The global economic crisis highlighted the problems of corporate governance both in developed countries and developing economies.

Good corporate governance helps to increase share price and makes it easier to obtain capital.

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