Role of government in ensuring corporate governance
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Different departments of the government have introduced various regulatory systems to prevent the financial scandals in the corporate governance.
The government has also modified the audit systems and lays stress over the enforcement of law in all corporate matters.
All these essential steps are necessary to restore the confidence of the public in the corporate sectors.
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It is widely believed that it will take more than just leadership by the corporate sector to restore public confidence in our capital markets and ensure their ongoing vitality. It will also take effective government action, in the form of reformed regulatory systems, improved auditing, and stepped up law enforcement.
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