n Professional Accountant - Cycles of governance

Volume 2007 Number 1
  • ISSN : 1680-7537


Extracted from text ... Cycles of governance By Thomas Clarke I Director, Centre for Corporate Governance, University of Technology, Sydney, Australia orporate governance crisis and reform is essentially cyclical. Waves of corporate governance reform and increased regulation occur during periods of recession, corporate collapse and re-examination of the viability of regulatory systems. During long periods of expansion, active interest in governance diminishes, as companies and shareholders become again more concerned with the generation of wealth, rather than in ensuring governance mechanisms are working appropriately for the retention of wealth, and its use for agreed purposes. This cyclical historical saga revolves around the enduring agency and ..

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