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Corporate governance: Culture change

Corporate governance: Culture change

by Rick Turoczy on March 2, 2006

The whole corporate world has changed totally in the post-Cadbury years. There have been upheavals, advances, failures and successes. Companies, with good reason, can complain that they are beset with more regulation and regulators than ever before. And Charkham suggests that “a pause for reflection while existing reforms work through” would be important. But the real change is not the myriad measures, from Sarbanes-Oxley to Combined Codes, but the overall transformation in the nature of corporate thought.

By that I do not mean the cliche of directors taking their eyes off the ball of enterprise and instead focusing on box-ticking. The transformation is in the idea that, in the long-term, the behaviour of a company is the most important part of both its reputation and its ability to maintain and grow its business.

Corporate governance: Culture change

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